Condor Gold Considers Acquisition by Metals Exploration

Condor Gold (GB:CNR) has released an update.

Condor Gold is in discussions with Metals Exploration regarding a potential acquisition, with Condor shareholders offered a mix of cash and shares, valuing the company at approximately £67.5 million. The deal includes contingent value rights based on future gold discoveries, which could increase the total value to about £90.1 million. While an irrevocable undertaking from a major shareholder supports the acquisition, there is no certainty a firm offer will be made.

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