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LONDON, ENGLAND--(Marketwire - Feb. 15, 2013) - Condor Gold plc ("Condor" or "the Company") (AIM:CNR), the AIM listed gold and silver exploration company focused on proving a large commercial open pit and underground reserve on its 2,375,000 oz gold at 4.6g/t resource at La India Project in Nicaragua, is pleased to announce that it has raised £7,000,000 before expenses, by way of a private placing of 4,375,000 new ordinary shares with a nominal value of £0.20 each ("Ordinary Shares") at a price of £1.60 each primarily with institutional investors ("the Placing"). The Placing is predominately with Regent Pacific Group Limited (the "Investor" or "Regent Pacific"), further details of which are set out below. Regent Pacific has also agreed, subject to the results of further due diligence on or before 21 March 2013, to invest a further £3,000,000 before expenses on the same terms as the Placing. |
