Holding(s) in Company

RNS Number : 2052Y

Condor Resources PLC

17 December 2010

 

17^th December 2010

Condor Resources Plc

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

Holding(s) In Company

Notification of Share Sale

Condor (AIM: CNR), the Central American gold exploration company, has been notified that Jim Mellon (*) sold 16,450,000 ordinary shares of 1p each in the capital of the Company.

Following this transaction, Jim Mellon remains beneficially interested in 22,550,000Ordinary Shares, representing 4.58 per cent of the Company.

(*) These shares are held in the name of Galloway Limited.

Ends

For further information please visit www.condorresourcesplc.com or contact:

Condor Resources plc           Mark Child, Chairman

[phone]

Ambrian Partners Limited       Samantha Harrison

[phone]

Farm Street Media                  Simon Robinson

[phone]

About Condor Resources Plc:

About Condor Resources Plc:

Condor Resources plc is an AIM listed exploration company focused on developing gold and silver resource projects in Central America.  The Company was admitted to AIM on 31^st May 2006 with the stated strategy to prove up JORC Resources in Nicaragua and El Salvador.  Condor has four 100% owned licenses and 80% of La India concession in La India Mining District; three 100% owned licences in three other project areas and 20% in the Cerro Quiroz concession 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 inferred 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.

 

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