Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) has said the proposed sale of La India project in Nicaragua is now entering the end of its first phase, with various parties having conducted site visits and others ongoing.
Three formal expressions of interest, including two non-binding offers have been received by the company, and further offers are expected as nine companies are under a non-disclosure agreement.
"I am currently in Nicaragua hosting site visits for gold producers conducting due diligence on Condor's La India project,” said Mark Child, chief executive of Condor Gold in a statement.
“There are currently nine companies under an NDA, all of whom have access to a virtual data room, which includes all drill data, technical studies to feasibility study level, details of permits to construct and operate a mine and financial models. The board is confident that a binding agreement will be reached," he added.