Condor Resources PLC
31 August 2007
31ST AUGUST 2007
Condor Resources plc
Trading on PLUS Markets
Condor Resources plc (the Company) is pleased to announce that its ordinary
shares have been admitted to trading on PLUS Markets, under the same trading
symbol as on AIM: CNR
PLUS Markets is an independent London-based equity market service, provided by
PLUS Markets Group plc, which was recently approved as a Recognised Investment
Exchange. PLUS Markets is based on a quote-driven trading system and currently
trades over 1,000 small and mid-cap company shares representing a combined
market capitalisation of around GBP200 billion.
Condor Resources plc's ordinary shares will continue to be quoted and traded on
AIM and trading through PLUS is intended to enhance investor choice, improve
liquidity for shareholders and provide greater access to investors.
Enquiries:
Condor Resources Plc Mark Child, Chairman
+44 20 7408 1067
Nigel Ferguson, CEO
+44 20 7808 7222
Nabarro Wells & Co. Limited Hugh Oram
+44 20 7710 7400
Anthony Rowland
+44 20 7710 7419
Mirabaud Securities Limited Rory Scott
+44 20 7878 3360
Parkgreen Communications Limited Simon Robinson
Erica Nelson
+44 20 7851 7480
About Condor Resources Plc:
Condor Resources Plc was admitted to AIM on 31st May 2006 raising £4.9m prior to
costs. Condor is a mineral exploration company focused on El Salvador and
Nicaragua. The Company has 100% ownership of four licenses and is earning 100%
interest in a fifth licence contained in three project areas in El Salvador.
Condor also has four 100% owned licences and the option to earn an 80% interest
in a further four licences contained within four project areas in Nicaragua.
An independent competent person's report prepared by Ravensgate and included in
the Company's Admission Document combined with a subsequent mineral resource
calculation statement in December 2006 reported Inferred Mineral Resources, as
defined by the JORC standard of some 467,104oz gold and 18.4Moz silver within
two project areas in El Salvador.
The Company's objective is to prove up significant gold and silver resources of
between 1 to 2 million ounces of gold and 30 to 50 million ounces of silver to
JORC reportable standards by the 31st May 2008. The Company intends to continue
to drill test targets within its Project areas. The total drilling programme is
planned to be between 20,000m and 40,000m of combined reverse circulation and
diamond drilling.
This information is provided by RNS
The company news service from the London Stock Exchange
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