Welcome to our dedicated page for Condor Gold news (Ticker: CNDGF), a resource for investors and traders seeking the latest updates and insights on Condor Gold stock.
The CNDGF news feed on Stock Titan aggregates regulatory announcements and corporate communications relating to Condor Gold plc, a gold ore mining company that has undergone a recommended acquisition by Metals Exploration plc. These news items document the offer process, shareholder approvals, court proceedings, and the eventual implementation of a scheme of arrangement under Part 26 of the Companies Act.
Readers can review detailed announcements covering the agreement on offer terms, publication of the scheme document, the results of the court meeting and general meeting, and the High Court’s sanction of the scheme. Subsequent releases describe the scheme becoming effective, the suspension and cancellation of admission of Condor Gold shares to trading on AIM, the delisting of its shares from the Toronto Stock Exchange, and related board changes following completion of the transaction.
The news stream also includes earlier communications such as Rule 2.4 and Rule 2.9 announcements, statements regarding possible offers from potential bidders, and confirmations of Condor Gold’s share capital and outstanding warrants. Together, these items provide a chronological record of how Condor Gold moved from exploring strategic options to agreeing a recommended offer and completing the acquisition by Metals Exploration plc.
Investors, analysts, and researchers can use this page as an archive of key milestones in Condor Gold’s corporate history, with a focus on the takeover process, voting outcomes, transaction structure, and changes to its trading status. For those examining CNDGF, the news content is particularly useful for understanding the terms of the acquisition and the timeline leading to the delisting of Condor Gold’s shares from its primary exchanges.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Condor Gold Plc has announced the issuance of 258,333 new Ordinary Shares at 24 pence each as a bonus for CEO Mark Child for the fiscal year ending December 31, 2022. This move, recommended by the Remuneration Committee and unanimously approved by the Board, aims to enhance the CEO’s compensation. These Payment Shares are expected to be admitted for trading on AIM by April 6, 2023, and are also subject to TSX approval. Following this issuance, the total number of issued shares will rise to 180,790,824. The Company is an
Condor Gold reported its audited results for the year ending December 31, 2022, revealing a loss of £2,532,560, compared to £2,330,003 in 2021. The updated Mineral Resource Estimate for the La India Project shows 1,088,000 oz of indicated gold and 1,190,000 oz inferred. A Feasibility Study estimates a Probable Mineral Reserve of 602,000 oz gold with a production average of 81,545 oz annually over the first six years. The internal rate of return is projected at 23% at a gold price of $1,600/oz, reaching 43% at $2,000/oz. The Company is currently seeking buyers for its assets, with three formal expressions of interest received.
Condor Gold has made significant updates regarding the sale of its assets following a successful Bankable Feasibility Study for the La India open pit project in Nicaragua. The asset sale process is advancing, with the first phase ending as three formal expressions of interest, including two non-binding offers, have been received. Nine companies are currently under a Non-Disclosure Agreement, conducting due diligence. CEO Mark Child expressed confidence in reaching a binding agreement, although he cautioned that there are no guarantees. The feasibility study indicates a high-grade mineral resource estimate of 1.088 million ounces gold in the indicated category.
Condor Gold has announced its progress in the asset sale initiated after a positive feasibility study on the La India Project. As of March 2023, the initial phase of the sales process is concluding, with three expressions of interest received, including two non-binding offers subject to further due diligence. Currently, nine companies are under a Non-Disclosure Agreement, with ongoing site visits. CEO Mark Child expresses confidence in reaching a binding agreement. However, the company cautions that there are no guarantees of completing the sale. The feasibility study indicated substantial gold resources, marking a significant development for Condor Gold and its stakeholders.
Condor Gold Plc has appointed Denham Eke as a Non-Executive Director, following Galloway Limited's subscription for £1 million Unsecured Convertible Loan Notes, now converted into shares at 15 pence each. Denham Eke, who is the sole director of Galloway Limited, represents an 18.7% shareholder, Burnbrae Group, led by Condor's Chairman, Jim Mellon. Eke has extensive experience in various sectors including mining and financial services, and has served in significant roles in multiple companies.
FAQ
What is the current stock price of Condor Gold (CNDGF)?
