TIDMCNR

RNS Number : 0080G

Condor Gold PLC

23 May 2017

 
                                                                                       Condor Gold plc 
 
                                                                                           7(th) Floor 
                                                                          39 St. James's Street London 
                                                                    SW1A1JD Telephone +44 020 74932794 
                                                                                 Fax: +44 020 74938633 
 

23 May 2017

Condor Gold plc

("Condor", "Condor Gold" or "the Company")

DIRECTOR'S DEALING

The Company was informed today that Jim Mellon, a non-Executive director of Condor, made the following share purchases on 22 May 2017 and today:

 
 Purchaser                 Number of Ordinary   Price paid 
                                       Shares 
------------------------  -------------------  ----------- 
 Jim Mellon (22.5.2017)                10,000          59p 
------------------------  -------------------  ----------- 
 Jim Mellon (23.5.2017)                90,000          60p 
------------------------  -------------------  ----------- 
 

Accordingly, Jim Mellon now owns a direct and indirect aggregate shareholding of 3,119,330 Ordinary Shares or 5.08% of the Company's issued share capital. This represents a direct interest in 1,356,108 Ordinary Shares and an indirect interest in 1,763,222 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 
 Beaumont Cornish     Roland Cornish and 
  Limited              James Biddle 
                       +44 (0) 20 7628 3396 
  Numis Securities 
  Limited              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 is an AIM listed exploration company focused on developing gold and silver resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up CIM/JORC Resources in Nicaragua and El Salvador. Condor has eight 100% owned concessions in La India Mining District ("La India Project"); three 100% owned concessions in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua. In El Salvador, Condor has 90% ownership of four licences in two project areas.

Condor's La India Project in Nicaragua currently 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. Total gold equivalent of 2.37M oz. Including: Indicated mineral resource of 9.6Mt at 3.5g/t for 1.08M oz gold, Inferred mineral resource of 8.8Mt at 4.4g/t for 1.25M oz gold. Total open pit mineral resources of 1.14M oz gold at 3.1g/t. 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.

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 
---  ------------------------  ------------------------------ 
 b)   Initial notification      Initial 
       /Amendment 
---  ------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------- 
 a)   Name                      Condor Gold plc 
---  ------------------------  ------------------------------ 
 b)   LEI                       213800PFKETQA86RHL82 
---  ------------------------  ------------------------------ 
 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            10,000 Ordinary shares of 
       the financial             20 pence each in Condor Gold 
       instrument, type          plc 
       of instrument 
 
       Identification            ISIN GB00B8225591 
       code 
---  ------------------------  ------------------------------ 
      Nature of the             Purchase of new ordinary 
       transaction               shares as described above 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)    Volumes(s) 
       volumes(s)                 ----------  ----------- 
                                   59 pence    10,000 
                                  ----------  ----------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information    n/a 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   22 May 2017 
---  ------------------------  ------------------------------ 
 f)   Place of the              London Stock Exchange, AIM 
       transaction               (XLON) 
---  ------------------------  ------------------------------ 
 
 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            90,000 Ordinary shares of 
       the financial             20 pence each in Condor Gold 
       instrument, type          plc 
       of instrument 
 
       Identification            ISIN GB00B8225591 
       code 
---  ------------------------  ------------------------------ 
      Nature of the             Purchase of new ordinary 
       transaction               shares as described above 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)    Volumes(s) 
       volumes(s)                 ----------  ----------- 
                                   60 pence    90,000 
                                  ----------  ----------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information    n/a 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   23 May 2017 
---  ------------------------  ------------------------------ 
 f)   Place of the              London Stock Exchange, AIM 
       transaction               (XLON) 
---  ------------------------  ------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 23, 2017 10:02 ET (14:02 GMT)