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Pin to quick picksCondor Gold Regulatory News (CNR)

Share Price Information for Condor Gold (CNR)

London Stock Exchange
Share Price: 25.50
Bid: 25.00
Ask: 26.00
Change: -0.75 (-2.86%)
Spread: 1.00 (4.00%)
Open: 26.25
High: 26.25
Low: 25.50
Yest. Close: 26.25
CNR Live PriceLast checked at -

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Holding(s) in Company

Fri, 13th Jan 2017 08:51

RNS Number : 1242U
Condor Gold PLC
13 January 2017

13 January 2017

Condor Gold plc

(''Condor'' or "the Company")

Holdings in Company

The Board of Condor announces that the Company has received the following TR-1 notification which is set out below. Accordingly Regent Pacific Group Limited ceases to hold any interests in the Company.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- Ends -

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

Condor Gold plc

Mark Child, Executive Chairman and CEO

+44 (0) 20 7493 2734

Beaumont Cornish Limited

Numis Securities Limited

Roland Cornish and James Biddle

+44 (0) 20 7628 3396

John Prior and James Black +44 (0) 20 72601000

Farm Street Media

Simon Robinson

+44 (0) 7593 340107

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 completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years. La India Project contains a total attributable mineral resource of 18.4Mt at 3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM Code.

In El Salvador, Condor has an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource. The resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua and Ravensgate and Geosure for El Salvador.

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.

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Condor Gold plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

N/A

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

N/A

An event changing the breakdown of voting rights

N/A

Other (please specify):

N/A

3. Full name of person(s) subject to the notification obligation:

Regent Pacific Group Limited

4. Full name of shareholder(s) (if different from 3.):

Regent Pacific Group Limited

5. Date of the transaction and date on which the threshold is crossed or reached:

1,636,998 shares in CNR were disposed of to James Mellon (a Non-Executive Director of CNR) and his associate on 12 January 2017.

6. Date on which issuer notified:

13 January 2017

7. Threshold(s) that is/are crossed or reached:

3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary shares

1,636,998

1,636,998

Nil

Nil

Nil

Nil

Nil

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Nil

Nil

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Stella Fung

15. Contact telephone number:

+852 2514 6111

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