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Condor Gold said it had raised net proceeds of £4.04m following the private placement of shares.
The company confirmed that £1,968,504 had been received from the second and final tranche of the placement, comprising a subscription for 9,842,520 new shares by Nicaragua Milling Company.
A total of 20,192,520 Units - comprising of 20,192,520 new ordinary shares and 6,730,835 warrants - had been placed with placees at the placing price of £0.20 per unit, it added. Following the issue of the Nicaragua Milling Shares, the company's issued share capital was now 94,663,522 ordinary shares.
At 8:11am: (LON:CNR) Condor Gold PLC share price was 0p at 17.5p