LONDON, December 27, 2017 /PRNewswire/ --
Condor Gold (AIM: CNR; OTCQX: CNFGF) is pleased to announce that
it has received a receipt from the Ontario Securities Commission
for its final non-offering prospectus (the "Prospectus") and has,
accordingly, become a reporting issuer in the Province of
Ontario.
As previously announced, Condor has received the conditional
approval for the listing of its ordinary shares (the "Ordinary
Shares") on the Toronto Stock Exchange ("TSX"). The Company expects
that its Ordinary Shares will begin trading on the TSX in
January 2018 under the symbol
"COG".
A copy of the Prospectus is available under Condor's profile on
SEDAR at http://www.sedar.com and on the Company's website at
http://www.condorgold.com.
The Company will remain listed on the AIM market of the London
Stock Exchange and its shares trade on the OTCQX.
Shareholders/Investors who wish to buy additional shares or sell
existing holdings acquired through AIM can continue to do so in the
normal manner. Once the Ordinary Shares begin trading on the TSX,
shareholders who wish to trade on the TSX must have a Canadian
broker. Shareholders who wish to sell existing shareholdings on the
TSX must first transfer their holdings from Computershare's UK
Share Register to Computershare's Canadian Share Register. Further
information on this process will be provided on Condor's
website.
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31
May 2006. The Company is a gold exploration and development
company with a focus on Central
America.
Condor published a Pre-Feasibility Study ("PFS") on its wholly
owned La India Project in Nicaragua in December
2014, as summarized in the Technical Report (as defined
below). The PFS details an open pit gold mineral reserve in the
Probable category of 6.9 million tonnes ("Mt") at 3.0 grammes per
tonne ("g/t") gold for 675,000 ounces ("oz") gold, producing 80,000
oz gold per annum for seven years. La India Project contains a
mineral resource in the Indicated category of 9.6 Mt at 3.5 g/t for
1.08 million oz gold and a total mineral resource in the Inferred
category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold. The
Indicated mineral resource is inclusive of the mineral reserve.
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.
Technical Information
The disclosure contained in this news release of a scientific or
technical nature has been summarized or extracted from the
Technical Report titled "Technical Report on the La India Gold
Project, Nicaragua, December 2014", dated November 13, 2017 with an effective date of
December 21, 2014 (the "Technical
Report"), prepared in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101").
The Technical Report was prepared by or under the supervision of
Tim Lucks, Principal Consultant
(Geology & Project Management), Gabor Bacsfalusi, Principal
Consultant (Mining), Benjamin
Parsons, Principal Consultant (Resource Geology), each of
SRK Consulting (UK) Limited, and Neil
Lincoln of Lycopodium Minerals Canada Ltd., each of whom is
an independent Qualified Person as such term is defined in NI
43-101.
David Crawford, Chief Technical
Officer of the Company and a Qualified Person as defined by NI
43-101, has approved the written disclosure in this press
release.
Forward Looking Statements
Certain statements in this news release constitute
forward-looking information under applicable Canadian securities
laws. These statements relate to future events or future
performance and include, but are not limited to, estimates of
mineral resources and mineral reserves, the listing of Ordinary
Shares on the TSX and benefits thereof, the date on which the
Ordinary Shares will begin trading on the TSX, the ability of
shareholders to trade their shares on the TSX, future gold
production at the La India Project and the continued listing of the
Company on AIM. All statements other than statements of historical
fact may be forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such
as "seek",
"anticipate",
"plan",
"continue",
"objectives",
"strategies",
"estimate",
"expect",
"may",
"will",
"project",
"predict",
"potential",
"targeting",
"intend",
"could",
"might",
"should",
"believe" and similar expressions. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. The Company believes the expectations reflected in
those forward-looking statements are reasonable but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements included in this news release
should not be unduly relied upon. The Company does not undertake
any obligation to update forward-looking statements except as
required by applicable securities laws.
For further information please
visit http://www.condorgold.com or contact:
Condor Gold plc
Mark Child, Chairman and
CEO
+44 (0) 20 7493 2784
Beaumont Cornish Limited
Roland Cornish and James Biddle
+44 (0) 20 7628 3396
Numis Securities Limited
John Prior and James Black
+44 (0) 20 7260 1000
Blytheweigh
Tim Blythe, Camilla Horsfall and Megan Ray
+44 (0) 20 7138 3204
SOURCE Condor Gold plc