Subscription to raise EUR 210,000

About this update from Conroy Gold & Natural Resources Plc

[{"type":"text","content":"\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). Upon publication of this announcement, this inside information is now considered to be in the public domain.\n\n29 September 2017\n\nConroy Gold and Natural Resources plc\n\n(“Conroy” or “the Company”)\n\nCAPITAL RAISING\n\nSubscription to raise €210,000 (approx. £185,000)\n\n\n\nSubscription for 700,000 new ordinary shares at 30 cents (Euro) per share to raise €210,000 before expenses\n\n\n\nProceeds of the subscription to be applied to fund the advancement of the Company’s gold assets, in particular the development of the Clontibret deposit and increased exploration at the Clay Lake Deposit. Additional exploration will be focused on the Slieve Glah gold prospect and other targets within the 50 km Armagh- Monaghan – Cavan gold belt 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 €210,000, prior to expenses, through a subscription (the “Subscription”) for 700,000 ordinary shares of €0.001 in the capital of the Company (the “Subscription Shares”) at a price of €0.30 per Subscription Share.\n\nThe Subscription is conditional, inter alia, on admission of the Subscription Shares to trading on AIM and the Enterprise Securities Market operated by the Irish Stock Exchange Limited (“ESM”). The Subscription Shares will rank pari passu with the existing issued ordinary shares of €0.001 in the capital of the Company (“Ordinary Shares”).\n\nThe Company intends to use the proceeds of the Subscription to fund the advancement of the Company’s gold assets, in particular the development of the Clontibret deposit and increased exploration at the Clay Lake Deposit. Additional exploration will be focused on the Slieve Glah gold prospect and other targets within the 50 km Armagh- Monaghan- Cavan gold belt and for working capital generally.\n\nApplication has been made to AIM and ESM for the Subscription Shares to be admitted to trading.  It is expected that admission will become effective on 2 October 2017.\n\nFollowing the iss...

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