GBH Law Advises Condor Gold on Exercise of Warrants and Placing of New Ordinary Shares - GBH Law

GBH Law has advised long-standing client, Condor Gold, on a further exercise of warrants by its majority shareholder, Galloway Limited, raising £1 million for the Company, and on an issue of new ordinary shares, raising an additional £851,999 for the Company.

Condor Gold, a company listed on AIM and the TSX (Toronto Stock Exchange), is a gold exploration company with key assets based in Nicaragua. As announced on 5 December 2023, Condor Gold is in a sales process and in receipt of five non-binding offers for its assets.

Expressing her thoughts on the deal, Kate Doody, Director at GBH Law, remarked:

“We were delighted to assist Condor with this exercise of warrants and placing, raising £1,851,999 in total for the Company. We have advised Condor for several years now and enjoy a close working relationship that enables us to seamlessly manage placings on behalf of the Company, as well as advising on day-to day legal matters. It is a pleasure to work with Mark Child and the team, and the Company’s Canadian legal advisers.”