Condor Gold PLC Director Share Purchase (4896Y)

TIDMCNR

RNS Number : 4896Y

Condor Gold PLC

06 December 2017

 
                                                                                                 Condor Gold plc 
                                                                                                     7(th) Floor 
                                                                                           39 St. James's Street 
   6 December 2017                                                                                        London 
                                                                                                        SW1A 1JD 
                                                                                      Telephone [phone] 
                                                                                           Fax: [phone] 
 

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 GBP0.395 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 
                      [phone] 
 Beaumont Cornish      Roland Cornish and 
      Limited              James Biddle 
                       [phone] 
  Numis Securities 
      Limited          John Prior and James 
                              Black 
                         [phone] 
                               1000 
 Blytheweigh          Tim Blythe, Camilla 
                       Horsfall and Megan 
                               Ray 
                      [phone] 
 

About Condor Gold plc:

Condor Gold plc was admitted to AIM on 31(st) 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 
---  ------------------------  ------------------------------ 
 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            50,000 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)                 ------------  ----------- 
                                   39.5 pence    50,000 
                                  ------------  ----------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information    n/a 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   17 November 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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December 06, 2017 02:00 ET (07:00 GMT)