Two buying at Condor Gold (COG)

Two buying at Condor Gold (T:COG)

James Mellon, a Director, acquired 952,380 Ordinary Shares on a direct ownership basis at a price of $0.220 on November 22nd, 2018. This represents a $209,524 investment into the company's shares and an account share holdings change of 49.2%.

Mark Lucian Child, a Senior Officer and Director, acquired 90,000 Ordinary Shares on a direct ownership basis at a price of $0.220GBP on November 22nd, 2018. This represents a $33,662 investment into the company's shares and an account share holdings change of 2.3%.

Condor Gold is a gold exploration and development company with a focus on Nicaragua.

In August 2018, the Company announced that the Ministry of the Environment had granted the Company the Environmental Permit ("EP") for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold project in Nicaragua ("La India Project"). The EP is considered to be the master permit for mining operations in Nicaragua. Condor published a Pre-Feasibility Study ("PFS") on La India Project in December 2014, as summarised in the Technical Report (as defined below). The PFS details an open pit gold mineral reserve in the Probable category of 6.9 million tonnes ("Mt") at 3.0 grams per tonne ("g/t") gold for 675,000 oz gold, producing 80,000 oz gold per annum for seven years. La India Project contains a mineral resource in the indicated category of 9.6 Mt at 3.5 g/t for 1.08 million oz gold and a total mineral resource in the inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold. The indicated mineral resource is inclusive of the mineral reserve.