Condor Gold Plc Issues New Ordinary Shares to CEO

Condor Gold Plc (AIM:CNR)(TSX:COG) has announced the issuance of 235,294 new Ordinary Shares at 28 pence each to Mark Child, the company's CEO. This move, attributed to a bonus for the financial year ending December 31, 2023, was recommended by the Remuneration Committee and approved by the Board without Child's involvement.

The application for these new shares to be traded on AIM has been made, with the admission expected by June 5, 2024. Condor also seeks to list the new shares on the Toronto Stock Exchange (TSX), pending approval according to TSX's listing requirements.

With the new shares, Condor's total issued share capital will rise to 203,442,778 Ordinary Shares with voting rights. The company is using an exemption under Section 602.1 of the TSX Company Manual relating to this issuance.