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Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

London Stock Exchange
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Share Price: 27.50
Bid: 27.00
Ask: 28.00
Change: 0.00 (0.00%)
Spread: 1.00 (3.704%)
Open: 27.70
High: 27.70
Low: 27.50
Prev. Close: 27.50
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Resource round-up: Edenville, Condor Gold, African Eagle

Tue, 03rd Jul 2012 09:58

Edenville Energy, the African coal exploration and development company, reported promising tests at its Namwele mine in Tanzania. The firm said initial drilling and sampling confirmed the presence of coal bearing strata extending out along strike from previous workings and occurring at depth. The firm said follow up drilling would produce a JORC-compliant estimate of resource tonnage.Shares in Condor Gold leapt after it announced "excellent" drilling results at its La India Project in Nicaragua. The firm said its tests provided "further evidence that La India and California veins coalesce not only at depth but at surface along a 600m strike length". This results bolster Condor's belief that the site has the potential to support open pit mining. The firm's shares rose 24% on the news.African Eagle Resources said it had appointed a new finance director. David Newbold joins the board with immediate effect and brings with him 35 years experience in the natural resources industry. The firm welcomed his "excellent track record in the development, financing, risk mitigation, governance and operation of natural resource businesses globally".Berkeley Mineral Resources, the Zambia-focused minerals company, said it had taken up a $500,000 option on a mining cluster containing the Luano and Mimbula stockpiles at the Rephidim mine site at Chingola. It is searching for 17.5m tonnes of tailings - the residue of mining activity which often become available for processing after a mine has closed. It did not update on a further two options it has available until 9 July.mm
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IN BRIEF: Condor Gold raises GBP1 million via chair's company

Condor Gold PLC - Gold exploration company with operations focused on Nicaragua - Notes that Galloway Ltd, owned by Condor Gold Chair Jim Mellon's Burnbrae Group Ltd, sends notice to Condor Gold which will result in the issue of 6.7 million new shares at an issue price of 15p per share to raise GBP1 million. Condor Gold has approval for the shares to be listed on the Toronto Stock Exchange. Condor Gold adds that it is in discussions with other shareholders who have expressed interest in investing alongside the chair and largest shareholder on the same terms, with an update to be provided shortly. Chair Jim Mellon says: "I continue to be impressed with the asset sale process. We are very aware of the value of our assets and will maximise value for all shareholders. My investment of a further GBP1 million is designed to ensure sufficient financial runway during the sales process until a desired price is achieved."

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21 Jul 2023 10:04

IN BRIEF: Condor Gold says five acquisition offers received

Condor Gold PLC - Gold exploration company with operations focusing on Nicaragua - Says it has received five non-binding offers for the purchase of its assets, with three site visits having been completed. Adds that there are eight companies under non-disclosure agreements. Says additional enquiries have been received over the past two weeks.

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13 Mar 2023 14:25

Condor Gold shares jump over interest for La India project, Nicaragua

(Alliance News) - Condor Gold PLC on Monday said it has received three formal expressions of interest for the acquisition of its La India Gold Project in Nicaragua.

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13 Mar 2023 10:43

AIM WINNERS & LOSERS: Condor Gold jumps on offers for La India

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28 Nov 2022 14:33

Condor Gold raises funds via loan notes, also proposes an open offer

(Alliance News) - Condor Gold PLC said on Monday that it raised funds through the issue of unsecured convertible loan notes, while it also intends to launch an open offer to qualifying shareholders to subscribe to new ordinary shares.

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28 Nov 2022 10:56

Condor Gold raising up to £4.2m to fund Nicaragua requirements

(Sharecast News) - Condor Gold is raising up to £4.2m through a convertible loan note and proposed open offer, it announced on Monday, to finance working capital requirements.

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