IN BRIEF: Metals Exploration buy of Condor Gold gets court green light
14th Jan 2025 16:47
Metals Exploration PLC - Philippines-focused mineral resources firm - High Court of Justice in UK sanctions Metals Exploration's buyout of Condor Gold PLC, the firm developing the La India gold project in Nicaragua, the firms say on Monday. Last month, Condor Gold agreed a GBP67.5 million takeover from Metals Exploration. Metals Exploration, backed by property financier Nick Candy, offered 4.0526 shares and 9.9 pence in cash for each Condor share. Metals Exploration said at the time that based on its closing share price in late-November, the offer values each Condor share at 33.0p or GBP67.5 million in total. Read More