Condor Gold (GB:CNR) has released an update.
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Condor Gold has secured a £475,000 unsecured loan facility with Galloway Limited, owned by Chairman Jim Mellon, to bolster its working capital. With an interest rate of 20% and repayment tied to key company events or within a year, this move underscores Mellon’s ongoing support for the company. The facility is considered fair and reasonable by independent directors.
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