Condor Gold (AIM: CNR; TSX: COG) announces that on 23 September 2020, Galloway Limited, which is indirectly wholly owned by Jim Mellon.
A Non-Executive Director of the Company, purchased 100,000 ordinary shares in the Company (“Share” or “Shares” or “Ordinary Shares”), at a price of 43p per Share for a total purchase consideration of £43,000 (the “Purchase”).
Accordingly, further to the Purchase, Jim Mellon owns directly and indirectly a shareholding of 18,726,963 Ordinary Shares.*
* Jim Mellon owns a direct and indirect aggregate shareholding of 18,726,963 Ordinary Shares or 15.9% of the Company. The direct interest is in 2,889,883 Ordinary Shares and the indirect interest is in 15,837,080 Ordinary Shares held through Galloway Limited. Galloway Limited is wholly owned by Burnbrae Group Limited, which is wholly owned by Jim Mellon.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 (“MAR”).
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For further information please visit www.condorgold.com
