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GBH Law- Condor Gold mining image and logo

GBH Law advise on a private placing for Condor Gold

GBH advised on a private placing for Condor Gold, an exploration and development company focused on the development of its La India gold project in Nicaragua.

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, which raised £3.25 million for the company.

As Mark Child, Chairman and CEO of Condor Gold, explained: “Condor Gold has conducted a private placement, issuing new ordinary shares, which represents approximately 7.9% of the Company’s existing issued share capital, to raise gross proceeds of approximately £3.25 million. The placement proceeds will primarily be used to complete a Feasibility Study at the La India Project (the “Project”), increasing the confidence of the Project, incorporating a Feasibility Level engineering design, and +/- 15% capital and operating costs. The Feasibility Study will be a key document as the Company seeks to secure Project financing ahead of Project construction.” Read more here.

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