The Global Resource For Connecting Buyers and Sellers

Condor Gold raises £5.242 million. Lead Investor Ross Beaty

LONDON, ENGLAND–(Marketwired – Feb. 20, 2017) – Condor (AIM:CNR), is pleased to announce a placing (“the Placing”) of 8,293,443 Units (as defined below) at a price of 62p per Unit (the “Placing Price”) together with a proposed Director’s subscription of 161,290 Units (“Director’s Subscription”) to raise in aggregate gross proceeds of approximately £5.242 million. The Placing has been undertaken by the Company with institutional and other investors. The completion of the Placing and proposed Director’s Subscription is conditional, inter alia, upon admission of the Placing Shares to trading on AIM.