Holding(s) in Company

RNS Number : 0371S

Condor Resources PLC

11 May 2009

 



Condor Resources Plc                                                             7th Floor       39 St. James's Street       London       SW1A 1JD    Telephone [phone]     Fax: [phone]

11th May 2009

Condor Resources Plc

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

Holding in company

Condor announces that following the sale of 2,000,000 ordinary shares of 1 pence each in the capital of the Company on 6 May 2009 by David Steinepreis, his shareholding is now less than 3% and is therefore no longer notifiable pursuant to the AIM Rules.

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Enquiries:

Condor Resources Plc	Mark Child, Chairman [phone]
Ambrian Partners Limited	Richard Swindells Samantha Harrison [phone]
Farm Street Media	Simon Robinson [phone] [phone]

The directors of Condor accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Condor (having taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

About Condor Resources Plc:

Condor Resources plc is an AIM listed exploration company focused on developing natural resource projects in Central America. The Company was admitted to AIM on 31st May 2006 raising £4.9m to prove up JORC Resources in Nicaragua and El Salvador. Condor has three 100% owned licenses contained within two project areas in Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas.

Since Admission to AIM, Condor has increased its JORC compliant resources from 350,000 ounces of gold and 18 million ounces of silver to 788,000 ounces of gold and 22 million ounces of silver. The Resource calculations are compiled by independent geologists Ravensgate and Geosure. 

Condor raised £2,000,000 before expenses in July 2008, which will allow the Company to continue developing its existing gold and silver projects in Central America and identify opportunities in the natural resource sector in other geographical locations.

 

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HOLUAUORKARVAAR