Condor in £6m deal with IFC

Caitlin Morrison
Follow Caitlin
MINING company Condor Gold has finalised the terms of an equity subscription agreement with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to raise approximately £3.51m.

This completes Condor's total fundraising of £6.41m, announced in September. The remaining £2.9m was raised through a share placing on Aim. Condor stated last month that the money raised would fund the company into 2015.