Metals Exploration to acquire Condor Gold for £67.5m.

Metals Exploration, a mineral resources exploration and development company, agreed to acquire Condor Gold, a gold exploration and development company, for £67.5m. "The business combination with MTL offers Condor Gold Shareholders the opportunity of joining forces with an existing gold producer with signification exploration upside. In addition, shareholders will receive an immediate and significant cash payout. MTL and Condor Gold together would form a multi-asset and multi-jurisdiction gold platform with a management team possessing a strong track record of building and operating gold mines," Jim Mellon, Condor Gold Chairman.