07:06:04 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Condor Gold PLC
Symbol COG
Shares Issued 204,678,072
Close 2025-01-13 C$ 0.56
Market Cap C$ 114,619,720
Recent Sedar Documents

Condor Gold has court OK for Metals Exploration deal

2025-01-13 19:11 ET - News Release

Mr. Mark Child reports

COURT SANCTION OF SCHEME OF ARRANGEMENT AND SUSPENSION OF DEALINGS ON AIM & TRADING HALT ON TSX

The court has sanctioned the scheme of arrangement between Condor Gold PLC and the scheme shareholders under Part 26 of the Companies Act to implement the recommended acquisition of the entire issued and to-be-issued share capital of Condor Gold by Metals Exploration PLC.

The acquisition is subject to the terms and conditions set out in the scheme document published by Condor Gold on Dec. 11, 2024.

On Jan. 6, 2025, the scheme was approved by the requisite majorities of scheme shareholders at the court meeting, and the resolutions in connection with the implementation of the scheme were passed by the requisite majority of Condor Gold shareholders at the general meeting.

All references to times in this announcement are to London time unless stated otherwise.

Next steps

The scheme remains conditional on, and will become effective upon, the delivery to the registrar of companies of the court order, which is expected to occur on Jan. 15, 2025.

Condor Gold confirms that the last day of trading in, and for registrations of transfers of, Condor Gold shares on Alternative Investment Market and trading in Condor Gold shares on the Toronto Stock Exchange will be Jan. 13, 2025. The scheme record time and the time at which Condor Gold shares will be disabled in Crest is 10 p.m. on Jan. 14, 2025.

A request has been made to the London Stock Exchange for admission of the Condor Gold shares to trading on AIM to be suspended with effect from 7:30 a.m. on Jan. 14, 2025. Trading of the Condor Gold shares on the TSX will be halted as of the TSX market open on Jan. 14, 2025.

The TSX has conditionally approved the delisting of the Condor Gold shares from the TSX, with such delisting expected to take effect at the TSX market close on Jan. 14, 2025. The cancellation of admission of the Condor Gold shares to trading on AIM has been applied for and, subject to the scheme becoming effective, is expected to take effect at 7 a.m. on Jan. 16, 2025.

As announced, it is expected that the fixed consideration of new MTL shares will be credited to Crest accounts in respect of scheme shares held in uncertificated form on or soon after Jan. 16, 2025. The cash consideration remains due to be credited within 14 days of the effective date.

A further announcement will be made when the scheme becomes effective.

General

The expected timetable of principal events for the implementation of the scheme remains as set out in the scheme document. The dates and times given are indicative only, are based on Condor Gold's current expectations and may be subject to change. If any of the expected times and/or dates change, the revised times and/or dates will be notified to Condor Gold shareholders by announcement through a regulatory information service.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.