Condor receives nonbinding acquisition offers

Canadian exploration and development company Condor Gold has confirmed it has received two nonbinding acquisition offers, one from Calibre Mining and the other from Metals Exploration, potentially paving the way for a future offer to acquire the company.

Condor, listed on both the TSX and Aim, has focused its efforts on the exploration and development of gold assets in Nicaragua, with its flagship project being the La India gold asset. The company has been exploring strategic options for this asset for the past two years, following the initiation of a formal sale process.