Directorate Change

RNS Number : 6199A

Condor Resources PLC

05 August 2008

 



5th August 2008

Condor Resources PLC

('Condor' or the 'Company')

Board Appointment

Pierre Moussa is appointed as a non executive director of the Company with immediate effect.

Commenting on the appointment Mark Child, Non Executive Chairman, said: 'I am delighted that Condor has secured the services of Pierre Moussa. Mr Moussa has had a distinguished career with the French Government and in the banking sector. He brings extensive board experience from his time as CEO of Banque Paribas Group and has a wealth of connections that we hope will provide new and substantial investment opportunities to Condor as the Company seeks to diversify from El Salvador. In particular, he has significant investment experience in Africa, including acting as an adviser to a number of Heads of State and Governments in Africa.'  

He also worked at the World Bank as head of the African Department. He founded and serves as President of the Forum for Africa and the Foundation of African Enterprise.

Mr Moussa, aged 86, holds or has held the following directorships in companies or partnerships in the past five years:                                

Current:	Former:
MBC Luxembourg SA	Dyrris Limited
Dyrris Advisors Limited

There is no further information to be disclosed regarding Mr. Moussa under Schedule 2(g) of the AIM Rules. 

For further information contact: 

Condor Resources plc	Mark Child, Chairman
	[phone]
	Nigel Ferguson, CEO
	[phone]
Nabarro Wells & Co Limited	Hugh Oram / Kevin Lynch
	[phone]
Farm Street Media	Simon Robinson
	[phone]

About Condor Resources Plc:

Condor Resources plc is an AIM listed exploration company focussed 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 four 100% owned licenses and the option to earn an 80% interest in a further four licenses contained within four project areas within 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 of 354,500 ounces of gold and 18.3 million ounces of silver to 891,000 ounces of gold and 22.4 million ounces of silver. The Resources calculations are compiled by independent geologists Ravensgate and Geosure. Condor's objective is to prove a commercial resource.

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 identifying opportunities in the natural resource sector in other geographical locations.  

 

END

 

 

BOAUUUMGRUPRGMC