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6 Dec 2017 07:00
6 December 2017 | Condor Gold plc 7th Floor 39 St. James's Street London SW1A 1JD Telephone +44 020 74932794 Fax: +44 020 74938633 |
Condor Gold plc
('Condor', 'Condor Gold' or 'the Company')
Director Share Purchase
Condor Gold (AIM: CNR; OTCQX;CNDGF) announces that it has been informed today that on 17 November 2017, Jim Mellon, a Non-Executive Director of the Company, purchased 50,000 ordinary shares of 20p each in the capital of the Company ("Ordinary Shares") at a price of £0.395 per Ordinary Share (the "Purchase").
Accordingly, Jim Mellon now owns a direct and indirect aggregate shareholding of 3,169,330 Ordinary Shares or 5.16% of the Company's issued share capital. This represents a direct interest in 1,356,108 Ordinary Shares and an indirect interest in 1,813,222 Ordinary Shares held through Galloway Limited. Galloway Limited is wholly owned by Burnbrae Group Limited which is, in turn, wholly owned by Jim Mellon.
- Ends -
For further information please visit www.condorgold.com or contact:
Condor Gold plc | Mark Child, Executive Chairman and CEO +44 (0) 20 7493 2784
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Beaumont Cornish Limited
Numis Securities Limited | Roland Cornish and James Biddle +44 (0) 20 7628 3396
John Prior and James Black+44 (0) 20 7260 1000
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Blytheweigh | Tim Blythe, Camilla Horsfall and Megan Ray +44 (0) 20 7138 3204
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About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31st May 2006. The Company is a gold exploration and development company with a focus on Central America.
Condor published a Pre-Feasibility Study ("PFS") on its wholly owned La India Project in Nicaragua in December 2014, as summarized in the Technical Report (as defined below). The PFS details an open pit gold mineral reserve in the Probable category of 6.9 Mt at 3.0 g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum for seven years. La India Project contains a mineral resource in the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz gold and a total mineral resource in the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral resource is inclusive of the mineral reserve.
Disclaimer
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
Jim Mellon
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jim Mellon | ||||
2 | Reason for notification | |||||
a) | Position / status | Director
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b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Condor Gold plc
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b) | LEI | 213800PFKETQA86RHL82
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | 50,000 Ordinary shares of 20 pence each in Condor Gold plc
ISIN GB00B8225591
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| Nature of the transaction | Purchase of new ordinary shares as described above
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c) | Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 17 November 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (XLON) | ||||
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