18 February 2021 Corcel Plc, ( Corcel or the Company ), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that to enable the Company s continued progress at the Burwell Energy Storage project as well as on the Mambare mining lease application, that it has agreed a funding package, consisting of a combination of both equity and debt. Chief Executive Officer, Scott Kaintz commented: Initiatives begun in 2020 are now starting to bear fruit as we make material advancements both at Burwell here in the UK and at Mambare in supporting our overarching strategy of advancing the decarbonization of the global economy. The funds secured today are designed to minimize dilution at current levels as we approach multiple significant value inflection events.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Condor Gold plc was admitted to AIM in May 2006 and dual listed on the TSX in January 2018. The Company is a gold exploration and development company with a focus on Nicaragua. In August 2018, the Company announced that the Ministry of the Environment in Nicaragua had granted the Company an Environmental Permit for the development, construction and operation of a processing plant with capacity to process up to 2,800 tonnes per day at its wholly-owned La India gold project ( La India Project ). The Environmental Permit is considered to be the master permit for mining operations in Nicaragua. Condor Gold published a Pre-Feasibility Study ( PFS ) on the La India Project in December 2014, as summarised in the Technical Report as defined below. The PFS details an open pit gold Mineral Reserve in the Probable category of 6.9 Mt at 3.0 g/t gold for 675,000 oz gold, producing 80,000 oz gold per annum for seven years. La India Project contains a Mineral Resou