REG - Condor Gold PLC - Director Share Purchase <Origin Href="QuoteRef">CNDR.L</Origin>

Condor GoldAnnouncement

06/12/2017 07:10

RNS Number : 4896Y
Condor Gold PLC
06 December 2017
6 December 2017 
Condor Gold plc
 7thFloor
39 St. James's Street
London
SW1A 1JD
Telephone+4402074932794
Fax:+4402074938633
Condor Gold plc
('Condor', 'Condor Gold' or 'the Company')
Director Share Purchase
Condor Gold (AIM: CNR; OTCQX;CNDGF) announces that it has been informed today that on 17 November 2017, Jim Mellon, a Non-Executive Director of the Company, purchased 50,000 ordinary shares of 20p each in the capital of the Company ("Ordinary Shares") at a price of 0.395 per Ordinary Share (the "Purchase"). 
Accordingly, Jim Mellon now owns a direct and indirect aggregate shareholding of 3,169,330 Ordinary Shares or 5.16% of the Company's issued share capital. This represents a direct interest in 1,356,108 Ordinary Shares and an indirect interest in 1,813,222 Ordinary Shares held through Galloway Limited.Galloway Limited is wholly owned by Burnbrae Group Limited which is, in turn, wholly owned byJim 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 7260 1000 
Blytheweigh
Tim Blythe, Camilla Horsfall and Megan Ray
+44 (0) 20 7138 3204
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 published a Pre-Feasibility Study ("PFS") on its wholly owned La India Project in Nicaragua in December 2014, as summarized in the Technical Report (as defined below). The PFS details an open pit gold mineral reserve in the Probable category of 6.9 Mt at 3.0 g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum for seven years. La India Project contains a mineral resource in the Indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz gold and a total mineral resource in the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold. The Indicated mineral resource is inclusive of the mineral reserve. 
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.
Jim Mellon 
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jim Mellon 
2
Reason for notification
a)
Position / status
Director 
b)
Initial notification
/Amendment
Initial 
3
Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)
Name
Condor Gold plc
b) 
LEI
213800PFKETQA86RHL82
4
Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted
a)
Description of the financial instrument, type ofinstrument
Identification code
50,000 Ordinary shares of 20 pence each in Condor Gold plc
ISIN GB00B8225591
Nature of the transaction
Purchase of new ordinary shares as described above 
c)
Price(s) and volumes(s)
Price(s)
Volumes(s)
39.5 pence
50,000
d)
Aggregated information
n/a
e)
Date of the transaction
17 November 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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