REG - Condor Gold PLC - Notification of Major Interest in Shares <Origin Href="QuoteRef">CNDR.L</Origin>

Condor GoldAnnouncement

04/03/2015 16:50

RNS Number : 5681G
Condor Gold PLC
04 March 2015
Condor Gold plc

7thFloor
39St.James'sStreet
London
SW1A1JD
Telephone+4402074081067
Fax: +44 020 74938633
4th March 2015
Condor Gold plc
(''Condor'' or "the Company")
Notification of Major Interest in Shares 
The Company has been informed by the Regent Pacific Group (Regent) that as a result of Condor Gold's 6.4 million placement completed on 27th October 2014, its shareholding percentage interest in the Company has reduced to 8.68 per cent of the issued share capital. The number of shares that Regent owns remains unchanged at 3,977,274. 
- Ends - 
For further information please visit www.condorgold.com or contact:
Condor Gold plc
Mark Child, Executive Chairman and CEO
+44 (0) 20 7408 1067
Luc English, Country Manager Nicaragua
+505 8854 0753
Beaumont Cornish Limited
Numis Securities Limited
James Biddle and Roland Cornish
+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.

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