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AGM Statement

8 Jul 2010 09:30

RNS Number : 0331P
Condor Resources PLC
08 July 2010
 



Condor Resources Plc

7th Floor

39 St. James's Street

London

SW1A 1JD

Telephone +44 020 74081067 

Fax: +44 020 74938633

 

For Immediate Release

 

8 July 2010

 

Condor Resources plc

("Condor" or "the Company")

 

Result of Annual General Meeting

 

 

The board of directors of Condor is pleased to announce that at its Annual General Meeting ("AGM") held at 9.00 a.m. today all of the resolutions set out in the notice of AGM dated 15 June 2010 were duly passed.

 

For further information please visit www.condorresourcesplc.com or contact:

 

Condor Resources Plc

Mark Child, Chairman

+44 (0) 20 7408 1067

 

Ambrian Partners Limited 

Richard Swindells and Samantha Harrison

+44 (0) 20 7634 4700

 

Farm Street Media

Simon Robinson

+44 (0) 7593-340107

 

 

 

About Condor Resources Plc

 

Condor Resources plc is an AIM listed exploration company focused on developing natural resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up JORC Resources in Nicaragua and El Salvador. Condor has eight 100% owned licences contained within four project areas in Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas.

 

Since Admission to AIM, Condor has increased its JORC compliant inferred resources from 350,000 ounces of gold and 18 million ounces of silver to 788,000 ounces of gold and 22 million ounces of silver. The Resource calculations are compiled by independent geologists Ravensgate and Geosure. As announced on 14th June 2010 Condor's net cash position was circa £658,000 at the 31st December 2009. Condor also owns approximately £1,496,000 worth of shares in Grafton Resources investments Limited as a result of a share exchange approved by shareholders at an AGM on 12th June 2009.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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