Condor Gold PLC (LON:CNR)(TSE:COG) has closed the £4mln placing it announced in mid-February.
Just over 9.5mln shares were issued at a price of 42p.
Directors and major shareholders supported the placing. Chairman Jim Mellon now owns 19.2% of the company and chief executive Mark Child 3.2%. Prominent mining investor Ross Beaty holds 3.7%.
The placing was arranged directly by the company with institutional and other investors and costs amounted to just £8,204.
The company also has just over 3mln warrants outstanding priced at 25p, and just over 8mln priced at 40p.
At the open, Tuesday 2 March, the shares were priced at 47p.