GBH Advises on Private Placing for Condor Gold
GBH Law has advised long standing AIM listed client Condor Gold Plc on its recently announced placing of new ordinary shares and issue of warrants, the second placing of 2021.
As Mark Child, Chairman and CEO of Condor Gold, explained: “Condor Gold has conducted a private placement, issuing new ordinary shares representing 8.7% of the Company’s existing issued share capital, to raise gross proceeds of £4.1 million. The placement proceeds will be primarily used to complete a Feasibility Study, increasing the confidence of the Project… This in turn will facilitate the securing of Project financing ahead of Project construction. The other use of proceeds is to pay the balance of a new SAG Mill, which is now 80% in Nicaragua and advance the site clearance and preparation for the processing plant.”
For more information about the corporate team at GBH Law, or to discuss any corporate or other business legal advice you may require, please contact Kate Doody: kated@gbhlaw.co.uk.