Business
Fundraising of €240,000
Fundraising of €240,000.
About this update from Conroy Gold & Natural Resources Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n PRIOR TO PUBLICATION, THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 15 May 2025 Conroy Gold and Natural Resources plc(“Conroy Gold” or the “Company”)Fundraising of €240,000Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on Ireland, is pleased to announce a fundraising of €240,000 (approximately £203,400). The fundraise, which will support the Company’s ongoing work at its Clontibret deposit as well as ongoing discussions about investment with potential strategic and financial partners in the project, has been undertaken via an issue of unsecured convertible loan notes (“CLNs” or “Loan Notes”) to a combination of new investors and existing shareholders in the Company (the “Fundraise”).Highlights\t€240,000 raised from new and existing investors.\tUnsecured and unlisted CLNs issued. \tConversion price of £0.10 per share, a 277% premium to the closing mid-market price of 2.65 pence for the Company’s ordinary shares of €0.001 (“Ordinary Shares”) on 14 May 2025 (last practicable date prior to this announcement).\tProceeds of the Fundraise to be used to support ongoing work at its Clontibret deposit, as well as partnership discussions for asset level investment. The work on the Clontibret resource includes re-logging of drill core from the deposit and the construction of a more robust 3D geological model, in tandem with follow up exploration activity in relation to antimony.Key Terms of CLNs\t\t\t\t\t\t\t\t\tAMOUNT\t\t\t\t\t\t\t\t\t€240,000\t\t\t\t\t\t\t\t\t\t\t\t\tTERM\t\t\t\t\t\t\t\t\t3 years\t\t\t\t...