GBH Law Advises Condor Gold on Private Placing of New Shares
GBH Law were delighted to advise long-standing AIM listed client, Condor Gold Plc, on its recent private placing of 18,082,192 new ordinary shares and 9,041,090 warrants to subscribe for shares in the Company at an exercise price of 40p, raising in aggregate £6.6 million for the Company.
The placement proceeds will be used by the Company to advance the La India project, in Nicaragua, towards production.
Company CFO, Jeffrey Karoly commented: “This was the sixth placing that Kate Doody, who is also Company Secretary, has advised Condor Gold on. Every placing throws up new issues and challenges which Kate always takes in her stride and we were all delighted to complete this successful placing for the Company.”
Kate Doody commented: “It was a pleasure to work with Mark and Jeffrey on this placing and to successfully raise funds that will allow Condor Gold to progress the La India project to the next stage.”