Condor now dual-listed on AIM and TSX
Condor Gold has announced that the Company’s ordinary shares will commence trading on the Toronto Stock Exchange (the “TSX”) under the symbol COG at the start of trading on 15th January 2018. Mark Child, Chairman and Chief Executive Officer of Condor, stated: “I am delighted that Condor is to be listed on the TSX later today via a non-offering long form prospectus.
The listing constitutes an important milestone for Condor Gold, providing a local trading platform for existing and new Canadian shareholders and investors.
“The vast majority of mining and exploration companies operating in South America are TSX/TSXV listed and, in my opinion, Canadian investors will find Condor a compelling investment that is undervalued compared to its TSX/TSXV listed peer group. Condor is the 100% owner of the La India Project, a high-grade gold deposit close to permitting, which can be expanded, and is located in Nicaragua, a jurisdiction with a pro-mining government.
“Condor is in the final stages of permitting a base case processing plant of between 2,300 tonnes per day (“tpd”) and 2,800tpd with the capacity to produce 100,000 ounces of gold per annum. In early December 2017, I held a constructive meeting with the Nicaraguan Minister of Energy and Mines, who re-confirmed the Government’s support for the La India Project. Subsequently, Condor has held further technical meetings with the Ministry of Energy and Mines and the Nicaraguan Ministry of the Environment.
“Condor has been engaged with the local community for several years via employment and many social programmes, from healthcare to education, to the distribution of drinking water. Over the past 18 months, we have been in constructive talks with the Nicaraguan Government and, with their blessing, we have entered direct conversation with the local community regarding key aspects of permitting. The strategy remains to permit, construct and operate the base case processing plant, significantly expand the current mineral resources and prove a major gold district at La India Project.”
The Company will remain listed on the AIM market of the London Stock Exchange and its shares trade on the OTCQX.