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Exercise of Warrants and Receipt of £27,397 – IT Business Net
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Condor Gold plc: Exercise of Warrants and Receipt of £27,397
SURREY, ENGLAND / ACCESSWIRE / December 23, 2020 / Condor Gold (AIM:CNR)(TSX:COG) announces that pursuant to receipt of notices for the exercise of warrants, it is issuing 68,493 New Ordinary Shares with a nominal value of 20p each in the capital of the Company (
Shares) at a subscription price of 40p per Share. The Company has received gross proceeds of £27,397.
Application has been made for the Shares to be admitted to trading on AIM (
Admission ), with Admission expected to occur on or around 31 December 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.
Driving Towards Production - Condor Gold Commences Initial Site Preparation at Mina La India
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SURREY, ENGLAND / ACCESSWIRE / December 16, 2020 / Condor Gold (AIM:CNR)(TSX:COG) is pleased to announce that it has commenced initial site preparation at the location of the processing plant facility at Mina La India, Nicaragua. This includes the main plant access road from a regional paved highway to the processing plant, in-plant roads and a bypass road. All key areas for the plant layout from the stockpile area to the crushing and grinding machinery to the leach tanks, a laydown area and warehouse will be cleared. The total area being cleared is 11.26 hectares and is estimated to be completed in 3 to 4 months. It demonstrates Condor s commitment to developing a clear path to production.
Technical Information
Certain disclosure contained in this news release of a scientific or technical nature has been summarised or extracted from the technical report entitled Technical Report on the La India Gold Project, Nicaragua, December 2014 , dated November 13, 2017 with an effective date of December 21, 2014 (the Technical Report ), prepared in accordance with NI 43-101. The Technical Report was prepared by or under the supervision of Tim Lucks, Principal Consultant (Geology & Project Management), Gabor Bacsfalusi, Principal Consultant (Mining), Benjamin Parsons, Principal Consultant (Resource Geology), each of SRK Consulting (UK) Limited, and Neil Lincoln of Lycopodium Minerals Canada Ltd., each of whom is an independent qualified person as defined by NI 43-101.
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