REG - Condor Gold PLC - Conversion of Warrants - Replacement <Origin Href="QuoteRef">CNDR.L</Origin>

Condor GoldAnnouncement

14/09/2016 14:55

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RNS Number : 8587J
Condor Gold PLC
14 September 2016 
 
   Condor Gold plc                                                                 7th Floor                            
   39 St. James's Street                                                                                                
   London                                                                                                               
   SW1A 1JD                                                                                                             
   Telephone +44 020 74081067                                                                                           
   Fax: +44 020 74938633                                                                                                
 
 
The following announcement replaces the 'Exercise of Warrants' announcement
released on 13 September 2016 at 14.05 under RNS No 7216J. The number of
Ordinary Shares in the Company with voting rights was incorrectly stated as
52,310,649 and has now been changed to 52,910,649, which is the correct
number. 
 
All other details remain unchanged. 
 
The full amended text is shown below. 
 
13 September 2016 
 
Condor Gold plc 
 
(''Condor'' or "the Company") 
 
Conversion of Warrants 
 
TVR 
 
Condor announces that pursuant to the receipt of a notice of exercise of
warrants, it has issued 58,333 new ordinary shares of 20p each in the capital
of the Company ("Warrant Shares") at a price of 60p per Warrant Share. The
Company has received gross proceeds of £34,999.80 
 
Application has been made for the Warrant Shares, which will rank pari passu
with all existing ordinary shares, to be admitted to trading on AIM
("Admission").  Admission is expected to take place on or around 19 September
2016. 
 
Further to Admission, the Company's issued share capital will consist of
52,910,649 ordinary shares with a nominal value of 20p each, with voting
rights ("Ordinary Shares").  The Company does not hold any Ordinary Shares in
Treasury.  Therefore the total number of Ordinary Shares in the Company with
voting rights is 52,910,649. 
 
For further information please visit www.condorgold.com or contact: 
 
 Condor Gold plc                                    Mark Child, Executive Chairman and CEO+44 (0) 20 74932734                         
 Beaumont Cornish Limited Numis Securities Limited  Roland Cornish and James Biddle+44 (0) 20 7628 3396 John Prior and James Black    
                                                    +44 (0) 20 72601000                                                               
 Farm Street Media                                  Simon Robinson+44 (0) 7593 340107                                                 
 
 
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. 
 
This information is provided by RNS
The company news service from the London Stock Exchange