Placing and Issue of Equity

About this update from Conroy Gold & Natural Resources Plc

[{"type":"text","content":"\n \n 4 May 2016\n\nConroy Gold and Natural Resources plc\n\n(“Conroy” or “the Company”)\n\nSTRATEGIC FINANCING UPDATE\n\nPlacing to raise £1,015,000 (€1,282,926)\n\n\n\nPlacing of 5,486,485 new ordinary shares at 18.5 pence per share together with 5,486,485 warrants to raise £1,015,000 (€1,282,926) before expenses\n\n\n\nProceeds of the placing to be applied to fund the advancement of the Company’s principal gold opportunities and in particular the newly combined Clay Lake and Clontibret targets, where the Company has established a combined exploration target of 5 million oz of gold, and for working capital generally\n\n\n\nConroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold exploration and development company focused on Ireland and Finland, is pleased to announce that it has conditionally raised £1,015,000 (€1,282,926), prior to expenses, through a placing (the “Placing”) of 5,486,485 ordinary shares of €0.001 in the capital of the Company (the “Placing Shares”) and 5,486,485 warrants at an exercise price of 37 pence per warrant (the “Warrants”), together the “Placing Units”, at a price of 18.5 pence per Placing Unit (the “Placing Price”) being the closing mid-market-price on 29 April 2016 (being the last practicable date prior to the completion of the Placing).\n\nAs part of the Placing, certain of the Directors have subscribed for an aggregate of 1,567,567 Placing Units, consisting of 1,567,567 Placing Shares and 1,567,567 Warrants. The Directors’ participation in the Placing and their resultant shareholding following admission of the Placing Shares to trading (“Admission”) is as follows:\n\n\n\nDirector\nPlacing participation\nPlacing Shares subscribed for\nResultant Shareholding\nPercentage interest in the enlarged issued share capital\nWarrants received\n\n\n\n\n£\nNo.\nNo.\n\nNo.\n\n\n\nProfessor Richard Conroy\n200,000\n1,081,081\n2,430,657\n22.07\n1,081,081\n\n\n\nMaureen Jones\n 25,000\n135,135\n194,104\n1.76\n135,135\n\n\n\nJames P. Jones\n 20,000\n108,108\n120,608\n1.10\n108,108\n\n\n\nSeamus P.FitzPatrick\n 25,000\n135,135\n212,439\n1.93\n135,135\n\n\n\nDr. Sorca Conroy\n 20,000\n108,108\n128,777\n1.17\n108,108\n\n\n\n\n\n\n\n\n\n\n\n\n\n290,000\n1,567,567\n3,086,585\n28.08\n1,567,567\n\n\n\nThe participation of Professor ...

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