Ministry of the Environment and Natural Resources (Nicaragua)

Condor Gold Closes Previously Announced Private Placement of Units for Aggregate Gross Proceeds of £3.25 Million

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Friday, June 17, 2022
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LONDON, June 17, 2022 (GLOBE NEWSWIRE) -- Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the closing of its previously announced placing of 11,607,149 units of the Company (Units) at a price of 28p per Unit (the Placing), including a Directors subscription of 1,833,573 Units, for aggregate gross proceeds of 3.25 million before expenses (the Proceeds).

Key Points: 
  • LONDON, June 17, 2022 (GLOBE NEWSWIRE) -- Condor Gold (AIM: CNR; TSX: COG) is pleased to announce the closing of its previously announced placing of 11,607,149 units of the Company (Units) at a price of 28p per Unit (the Placing), including a Directors subscription of 1,833,573 Units, for aggregate gross proceeds of 3.25 million before expenses (the Proceeds).
  • The Proceeds have been received by the Company, and the Placing Shares were admitted to trading on AIM on 17 June 2022.
  • A gold price of $1,500/oz and a cut-off grade of 0.5 g/t and 2.0 g/t gold were assumed for open pit and underground resources, respectively.
  • A cut-off grade of 1.5 g/t gold was furthermore applied within a part of the Inferred Resource.

Calibre Mining Receives Environmental Permit for Development and Operation of the High-Grade Pavon Central Open-Pit Mine Expected to Drive Production Increase in 2023

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Thursday, June 16, 2022
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We are excited to introduce Pavon Central into the development profile fueling grade driven production growth in 2023 and 2024 from the 6.49 g/t gold reserve.

Key Points: 
  • We are excited to introduce Pavon Central into the development profile fueling grade driven production growth in 2023 and 2024 from the 6.49 g/t gold reserve.
  • We will continue to work closely with regulatory authorities, local communities, and all stakeholders to ensure safe and responsible development and mining at Pavon Central.
  • During 2021 Calibre initiated mining at Pavon Norte, the first of three known gold deposits hosting mineral resources in the district.
  • Calibre is advancing development of Pavon Central with the objective to commence production in the first quarter of 2023.

Condor Gold Raises £3.25 Million Via a Private Placement of New Ordinary Shares

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Tuesday, June 14, 2022
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Mark Child, Chairman and Chief Executive Officer of Condor, commented:

Key Points: 
  • Mark Child, Chairman and Chief Executive Officer of Condor, commented:
    Condor Gold has conducted a private placement, issuing new ordinary shares representing approximately 7.9% of the Companys existing issued share capital, to raise gross proceeds of approximately 3.25 million.
  • A total of 11,607,149 Units have been placed with placees at the Placing Price to raise gross proceeds of approximately 3.25 million.
  • The percentage shareholdings detailed below are calculated post admission of the new Ordinary Shares to AIM.
  • The new Ordinary Shares will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared after the date of their issue.

Condor Gold Plc (“Condor”, “Condor Gold” or the “Company”) 34.1 Metres True Width at 2.56 g/t Gold From Near Surface Within La India Open Pit

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Monday, May 23, 2022
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Diamond drilled core has been a HQ size and recoveries are consistently 100% across all drill holes intercept reported.

Key Points: 
  • Diamond drilled core has been a HQ size and recoveries are consistently 100% across all drill holes intercept reported.
  • Environmental Permits were granted in April and May 2020 for the Mestiza and America open pits respectively, both located close to La India.
  • Following the permitting of the Mestiza and America open pits, together with the La India Open Pit Condor has 1.12 M oz gold open pit Mineral Resources permitted for extraction.
  • Usually reported as parts per million which is equivalent to grams of the mineral (i.e., gold) per tonne of rock

Condor Gold Plc (“Condor” or the “Company”) Results of Annual General Meeting (“AGM”)

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Thursday, May 12, 2022
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For further information please visit www.condorgold.com or contact:

Key Points: 
  • For further information please visit www.condorgold.com or contact:
    Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018.
  • The Company is a gold exploration and development company with a focus on Nicaragua.
  • On 25 October 2021 Condor announced the filing of a Preliminary Economic Assessment Technical Report (PEA) for its La India Project, Nicaragua on SEDAR https://www.sedar.com.
  • There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.

Condor Gold Plc (“Condor Gold”, “Condor” or the “Company”) Exercise of Options and Issue of Shares

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Thursday, January 13, 2022
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Application has been made for the Shares to be admitted to trading on AIM (Admission), with Admission expected to occur on or around 20 January 2022.

Key Points: 
  • Application has been made for the Shares to be admitted to trading on AIM (Admission), with Admission expected to occur on or around 20 January 2022.
  • The Shares will rank pari passu with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared after the date of their issue.
  • Following Admission, the Company will have 146,930,715 ordinary shares with a nominal value of 20p each in issue with voting rights and admitted to trading on AIM and the TSX.
  • On 25 October 2021 Condor announced the filing of a Preliminary Economic Assessment Technical Report (PEA) for its La India Project, Nicaragua on SEDAR https://www.sedar.com .

Euro Manganese files Q3 financial statements and MD&A and provides financial and operational highlights

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Monday, August 16, 2021
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Accordingly, the Company ended the quarter with $33.8 million in cash and $27.8 million in working capital.

Key Points: 
  • Accordingly, the Company ended the quarter with $33.8 million in cash and $27.8 million in working capital.
  • Euro Manganese CEO, Marco Romero, stated: As the Chvaletice Manganese Project moves forward, the future of the electric vehicle industry and high-purity manganese in EV batteries, has never looked better.
  • Euro Manganese Inc. is a battery materials company whose principal focus is advancing the development of the Chvaletice Manganese Project, in which it holds a 100% interest.
  • Authorized for release by the CEO of Euro Manganese Inc.