Toronto Stock Exchange conditionally accepts Condo Gold's request for listing
The listing committee of the Toronto Stock Exchange (TSX), a robust market with liquidity and access to capital, has conditionally accepted Condor Gold's request to be listed, the board of Condor Gold announced on Tuesday.
According to Condor, final approval for the listing is pending the company meeting conditions and requirements imposed by TSX, as well as final receipt and acceptance by the Ontario Securities Commission of its "long form" non-offering prospectus.
Condor to date hosts 9.6m tonnes of gold in the 'Indicated Mineral Resource' category, 8.5m tonnes in the 'Inferred Mineral Resource'category, as well 6.9m tonnes in the 'Probable Mineral Reserve' category through its flagship La India Project in Nicaragua.
Mark Child, chairman and CEO commented:
"The TSX listing will constitute a milestone for Condor Gold, providing a local trading platform for existing and new Canadian shareholders and investors. The vast majority of mining and exploration companies operating in South America are TSX/TSXV listed and, in my opinion, Canadian investors will find Condor a compelling investment that is undervalued compared to its TSX/TSXV listed peer group; 100% ownership of a high-grade gold deposit close to permitting, which can be expanded, in a jurisdiction with a pro-mining Government.
"Condor has been engaged with the local community for several years via employment and many social programmes, from healthcare, to education to the distribution of drinking water. Over the past 18 months we have been in constructive talks with national government and, with their blessing, we are now entering direct conversation with the local community regarding key aspects of permitting. Condor is entering the final phase of its permitting process to construct a 2,800tpd processing plant with a capacity to produce 100,000 oz gold p.a. from a single open pit and continues its strategy of expanding the gold resources through drilling and proving a major gold district."