LONDON (Alliance News) - Gold Miner Condor Gold PLC Tuesday said Non-Executive Director Jim Mellon bought 160,000 shares at a price of 27 pence per share Monday.
Following this transaction, Mellon has a direct interest in 198,820 and indirect interest in 4.5 million shares representing a combined interest of 4.7 million shares or a 10.26% stake in the company.
Condor Gold last Friday revealed important financial projections for its La India project in Nicaragua which shows the project is currently worth around 16-times more than the company.
The stock was up 20% at 33.00p Tuesday afternoon.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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Condor Gold (CNR)