CONDOR GOLD PLC - CNDGF STOCK NEWS

Condor announced the successful passing of all resolutions during its Annual General Meeting (AGM) held on June 30, 2024, in Godalming, UK. This includes developments specific to its operations, governance, and strategic direction. The resolutions passed reflect the company's commitment to its planned objectives and stakeholder interests. Further details can be obtained from their official website or through their various contact representatives.

Condor Gold announced the grant of 4,900,000 share options on May 29, 2024, representing 2.41% of its issued share capital. The options are part of the company's Share Option Scheme, serving as incentives for directors, employees, and consultants. The exercise price is set at £0.28 per share, matching the market price on AIM as of May 28, 2024. The options will be exercisable over a five-year period, with specific restrictions in the first two years. A portion of 200,000 options was allocated under the Enterprise Management Incentive Scheme. Post-grant, total outstanding share options will represent 10.59% of the company's 203,442,778 ordinary shares.

Condor Gold has announced the issuance of 235,294 new Ordinary Shares at 28 pence each to its CEO, Mark Child, as a bonus for the financial year ending December 31, 2023. The bonus was recommended by the Remuneration Committee and approved unanimously by the Board, excluding Mark Child from the decision-making process. Application has been made for the shares to be traded on AIM, with an expected admission date of June 5, 2024, and the company is also seeking listing approval on the TSX. This issuance will increase Condor Gold's total issued share capital to 203,442,778 shares. The company is relying on an exemption from certain TSX listing requirements as an Eligible Interlisted Issuer.

Condor Gold announced its audited results for the year ended 31 December 2023 and the upcoming Annual General Meeting on 28 June 2024. The company received five non-binding offers for its Nicaraguan assets, with advanced discussions ongoing. The company's mineral resources include 893,000 oz of gold in open pit indicated resources and 291,000 oz in inferred resources, along with significant underground resources. The Feasibility Study for the La India open pit shows an IRR of 43% at a gold price of $2,000/oz and a low initial capital requirement of $105.5 million. Condor has made progress in land acquisition and site preparation. Financially, the company reported a loss of £1.7 million for 2023, raised £3.25 million, and has a net cash balance of £1.97 million. Ongoing efforts aim to conclude a sale of the La India project in the near future.

Condor Gold Plc (AIM:CNR)(TSX:COG) announces the exercise of warrants by Galloway Limited, resulting in the issue of 6,666,667 New Ordinary Shares at 15p for £1M. This will lead to Galloway Limited holding 22.99% of the Company's issued ordinary shares post-exercise. The total issued share capital will be 187,457,491 New Ordinary Shares after the issuance. The New Ordinary Shares will be admitted to trading on AIM and listed on the Toronto Stock Exchange. The company is relying on an exemption from the TSX Company Manual requirements.

Condor Gold (AIM:CNR)(TSX:COG) appoints H&P Advisory Limited to seek a buyer for its assets, receives 5 non-binding offers, and raises £1M via the exercise of warrants. The company remains in discussions with 2 gold producers and has 8 companies under NDAs. Galloway Limited, wholly owned by the Chairman, exercises warrants for 6,666,667 New Ordinary Shares. The company's total issued share capital will be 194,194,158 New Ordinary Shares post-exercise. The Chairman invests a further £1M to ensure sufficient financial runway during the sales process. The CEO highlights the potential of the company's gold mines and the progress in the sales process, but cautions that there is no guarantee of completing the asset sale.

Condor Gold plc announces unaudited interim financial results for the six-month period to 30 June 2023. Significant interest in the sale of the Company's assets. Land acquisition and site clearance progress. Positive gold and silver findings. Raised £1 million through warrant exercise. Sales process update with substantial interest and non-binding offers. Focus on executing successful asset sale.