REG - Condor Gold PLC - Director's Dealing <Origin Href="QuoteRef">CNDR.L</Origin>

Condor GoldAnnouncement

13/01/2017 07:06

RNS Number : 0782U
Condor Gold PLC
13 January 2017
13 January 2017
Condor Gold plc
(''Condor'' or "the Company")
Director's Dealing
The Company was informed on 12th January 2017 that Jim Mellon, a non-Executive director of Condor, made the following share purchases on 12th January 2017: 
Purchaser
Number of Ordinary Shares
Price paid
Galloway Limited
845,000
48.5p
Galloway Limited
396,000
50.5p
Jim Mellon directly
395,998
50.5p
Accordingly, Jim Mellon now owns a direct and indirect aggregate shareholding of 2,858,040 Ordinary Shares or 5.40% of the Company's issued share capital. This represents a direct interest in 1,094,818 Ordinary Shares and an indirect interest in 1,763,222 Ordinary Shares held through Galloway Limited.Galloway Limited is wholly owned by Burnbrae Group Limited which is, in turn, wholly owned by Jim Mellon.
- Ends - 
For further information please visit www.condorgold.com or contact:
Condor Gold plc
Mark Child, Executive Chairman and CEO
+44 (0) 20 7493 2784
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 is an AIM listed exploration company focused on developing gold and silver resource projects in Central America. The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up CIM/JORC Resources in Nicaragua and El Salvador. Condor has eight 100% owned concessions in La India Mining District ("La India Project"); three 100% owned concessions in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua. In El Salvador, Condor has 90% ownership of four licences in two project areas. 
Condor's La India Project in Nicaragua currently 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. Total gold equivalent of 2.37M oz. Including: Indicated mineral resource of 9.6Mt at 3.5g/t for 1.08M oz gold, Inferred mineral resource of 8.8Mt at 4.4g/t for 1.25M oz gold. Total open pit mineral resources of 1.14M oz gold at 3.1g/t. 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.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1
Detailsofthepersondischargingmanagerialresponsibilities/personclosely associated
a)
Name
James "Jim" Mellon
2
Reason for notification
a)
Position / status
Non-Executive Director
b)
Initial notification
/Amendment
Initial
3
Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)
Name
Condor Gold plc
b)
LEI
Not applicable
4
Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)
Descriptionof thefinancial instrument,type ofinstrument
Identificationcode
Ordinary shares of 20 pence each in Condor Gold plc
ISIN GB00B8225591

Nature of the transaction
Purchase of 1,636,998 ordinary shares

Price(s) and volumes(s)
Price(s)
Volumes(s)
48.5p 
50.5p
845,000
791,998
d)
Aggregated information
n/a
e)
Date of the transaction
12th January 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)

This information is provided by RNS
The company news service from the London Stock Exchange
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