Holding(s) in Company

RNS Number : 7246T

Condor Gold PLC

09 January 2017

 

9 January 2017

Condor Gold plc

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

Holdings in Company

Director's Dealings

The Board of Condor announces that the Company has received the following TR-1 notification which is set out below.

The Company also announces that a director, Mark Child has purchased certain of the shares disposed of as detailed in the attached TR1, as follows:

Director	Shares acquired	Price per Share	Date acquired	Resultant holding	Resultant percentage holding
Mark Child	20,000	54 pence	9th January 2017	3,962,500 Ordinary Shares	7.49%

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- 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]
Farm Street Media	Simon Robinson [phone]

About Condor Gold plc:

Condor Gold plc was admitted to AIM on 31st May 2006. The Company is a gold exploration and development company with a focus on Central America.

Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years. La India Project 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.

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.  

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Mark Child
2	Reason for notification
a)	Position / status	Chairman
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	Not applicable
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	Ordinary shares of 20 pence each in Condor Gold plc ISIN GB00B8225591
	Nature of the transaction	Purchase of  20,000 ordinary shares
	Price(s) and volumes(s)	Price(s) Volumes(s) 54p   20,000
d)	Aggregated information	n/a
e)	Date of the transaction	9th January 2017
f)	Place of the transaction	London Stock Exchange, AIM (XLON)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Condor Gold plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached					N/A
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					N/A
An event changing the breakdown of voting rights					N/A
Other (please specify):					N/A
3. Full name of person(s) subject to the notification obligation: iii		Regent Pacific Group Limited
4. Full name of shareholder(s)  (if different from 3.):iv		Regent Pacific Group Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		2,340,276 shares in CNR were disposed of on market on 6 January 2017.
6. Date on which issuer notified:		9 January 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares

3,977,274

3,977,274

1,636,998

1,636,998

Nil

3.094%

Nil

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,636,998

3.094%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	N/A
14. Contact name:	Stella Fung
15. Contact telephone number:	[phone]

 

END

 

 

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