Director Share Purchase

RNS Number : 4896Y

Condor Gold PLC

06 December 2017

 

6 December 2017

Condor Gold plc                                                                  7th Floor  39 St. James's Street  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 £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 [phone]
Beaumont Cornish Limited Numis Securities Limited	Roland Cornish and James Biddle [phone] John Prior and James Black [phone]
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 /Amendment	Initial
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  the financial instrument, type of instrument Identification code	50,000 Ordinary shares of 20 pence each in Condor Gold plc ISIN GB00B8225591
	Nature of the transaction	Purchase of new ordinary shares as described above
c)	Price(s) and volumes(s)	Price(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 transaction	London Stock Exchange, AIM (XLON)

 

END

 

 

DSHUGGBCPUPMPUA