Condor Gold Commences Offer Period

Condor Gold Plc has announced the commencement of an offer period following interest from Calibre Mining Corp and Metals Exploration Plc. The company received two non-binding proposals related to a potential offer for its entire issued and to be issued capital. This follows discussions announced earlier regarding the sale of Condor's La India Project in Nicaragua.

The potential offers are in line with the City Code on Takeovers and Mergers but do not yet constitute firm offers. Both interested parties are required to announce their intention by December 29, 2024. The offer period rules require significant disclosures during this time.

Condor, listed on both AIM and TSX, emphasizes the uncertainty of any firm offer being made or the terms it might entail. With an ISIN of GB00B8225591, the company has 204,442,778 voting rights in issue. The announcement signals strategic maneuvering in a volatile financial landscape.