RNS1 Jun 2020 17:16
Condor Gold Plc
("Condor Gold","Condor" or the "Company")
Exercise of Warrants and Receipt of GBP 204,482
Condor Gold (AIM: CNR; TSX: COG) announces that pursuant to receipt of notices for the exercise of warrants with an exercise price of 25p per warrant, it is issuing 817,927 new Ordinary Shares with a nominal value of 20p each in the capital of the Company. The Company has received gross proceeds of GBP204,482.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur on or around 4 June 2020.
The New Ordinary Shares will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared after the date of their issue.
Following Admission of the New Ordinary Shares, the Company will have 117,048,627 ordinary shares with a nominal value of 20p each in issue with voting rights and admitted to trading on AIM and the TSX. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Rules of the Canadian securities administrators.