Issue of Shares

RNS Number : 2507U

Condor Resources PLC

22 June 2009

 



Condor Resources Plc     7th Floor   39 St. James's Street     London   SW1A 1JD   Tel: + 020 7408 1067 Fax: [phone]

22nd June 2009

Condor Resources plc

('Condor' or 'the Company')

Issue of shares

The board of directors of Condor announces that it has today issued 1.4 million new ordinary shares of 1 pence each as consideration for an invoice payable to Simon Robinson who is Chairman of the Company's public relations advisers, Farm Street Media. Simon Robinson introduced the recent share exchange transaction with Grafton Resources Investments Limited to the Company and these new shares have been paid as an introductory fee. The shares will be held for the medium to long term.

Application will be made for these new ordinary shares to be admitted to trading on AIM which is expected to be effective from Thursday 25th June 2009.

Enquiries:

Condor Resources Plc	Mark Child, Chairman [phone]
Ambrian Partners Limited	Richard Swindells [phone]
Farm Street Media	Simon Robinson [phone] [phone]

About Condor Resources Plc

Condor Resources plc is an AIM listed exploration company focused on developing natural resource projects in Central America. The Company was admitted to AIM on 31st May 2006 raising £4.9m to prove up JORC Resources in Nicaragua and El Salvador. Condor has three 100% owned licenses contained within two project areas in Nicaragua. In El Salvador, Condor has 100% ownership of four licences in two project areas.

Since Admission to AIM, Condor has increased its JORC compliant inferred resources from 350,000 ounces of gold and 18 million ounces of silver to 788,000 ounces of gold and 22 million ounces of silver. The Resource calculations are compiled by independent geologists Ravensgate and Geosure. 

Condor raised £2,000,000 before expenses in July 2008, which will allow the Company to continue developing its existing gold and silver projects in Central America and identify opportunities in the natural resource sector in other geographical locations.

 

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