CONDOR GOLD PLC — Major Shareholding Notification 2013

Apr 10, 2013

National Storage Mechanism | Additional information

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RNS Number : 0253C

Condor Gold PLC

10 April 2013

	Condor Gold plc                                                       7th Floor 39 St James's Street London SW1A 1JD Telephone: +44 020 74081067 Fax: +44 020 74938633

10 April 2013

Condor Gold plc

(''Condor'' or "the Company")

Shareholding in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii											Condor Gold plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights																Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached																N/A
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments																N/A
An event changing the breakdown of voting rights																N/A
Other (please specify):																N/A
3. Full name of person(s) subject to the notification obligation: iii									Regent Pacific Group Limited
4. Full name of shareholder(s) (if different from 3.):iv									Regent Pacific Group Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v									200,000 shares were acquired on market on 25 March 2013, which did not trigger any disclosure obligation; and further 200,000 shares were acquired on market on 9 April 2013.
6. Date on which issuer notified:									10 April 2013
7. Threshold(s) that is/are crossed or reached: vi, vii									10%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction							Resulting situation after the triggering transaction
Number of Shares				Number of Voting Rights			Number of shares			Number of voting rights		% of  voting rights x
Direct			Direct xi	Indirect xii	Direct		Indirect
Ordinary shares	3,577,274				3,577,274			3,977,274			3,977,274	Nil	10.50%		Nil
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument				Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price			Expiration date xvii		Exercise/ Conversion period xviii				Number of voting rights instrument refers to			% of voting rights xix, xx
														Nominal		Delta
Total (A+B+C)
Number of voting rights										Percentage of voting rights
3,977,274										10.50%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	N/A
14. Contact name:	Stella Fung
15. Contact telephone number:	+852 2514 6111

- Ends -

For further information please visit www.condorgold.com or contact:

Condor Gold plc	Mark Child, Executive Chairman and CEO +44 (0) 20 7408 1067	Luc English, Country Manager Nicaragua & El Salvador +505 8854 0753
Beaumont Cornish Limited Ocean Equities Limited	Roland Cornish +44 (0) 20 7628 3396 Will Slack +44 (0) 20 77864385
Farm Street Media	Simon Robinson +44 (0) 7593 340107

About Condor Gold plc:

Condor Gold plc is an AIM listed exploration company focused on developing gold and silver resource projects in Central America.  The Company was admitted to AIM on 31st May 2006 with the stated strategy to prove up JORC Resources in Nicaragua and El Salvador.  Condor has eight 100% owned concessions in La India Mining District ("La India Project"); three 100% owned concessions in three other project areas and 20% in the Cerro Quiroz concession in Nicaragua. In El Salvador, Condor has 90% ownership of four licences in two project areas.

Condor's concession holdings in Nicaragua currently contain an attributable CIM/JORC compliant resource base of 2,497,000 ounces of gold equivalent at 4.6g/t in Nicaragua and an attributable 973,000 oz gold equivalent at 2.6g/t JORC compliant resource base in El Salvador. The Resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua, and Ravensgate and Geosure for El Salvador.

Disclaimer

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

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