1 September 2026
[2011 Jan 28 CGNR Logo]
ConroyGoldandNaturalResourcesplc
("Conroy" or the "Company")
CLOSING OF NON-BROKERED PRIVATE PLACEMENT
· Fundraise closed oversubscribed for a total investment of £1,313,000
· Fundraise Shares have a restriction period ending four months from issue
· Net proceeds to be used by the Company to accelerate exploration on its
Irish exploration assets and for general working capital purposes
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, announces that the Company
has received all funds from investors and closed its non-brokered private
placement for a total of £1,313,000 at a price of 8 pence per share (the
"Fundraise"), the terms of which are set out in the Company's announcement dated
29 July 2026, as updated in the announcement of 10 August 2026. The participants
in the Fundraise include both existing and new shareholders.
The Company intends to use the net proceeds from the Fundraise for further
geological work on the Company's assets in Ireland, to continue with its
activities in securing material asset-level investment, and for general working
capital purposes.
Mr. John Sherman, the Company's Chairman, commented:
"We are delighted that the Fundraise has closed oversubscribed and I would like
to thank both our existing shareholders and the new investors who have joined
the register for their strong support. The level of demand, particularly from
long-term value investors in North America, is a clear endorsement of the scale
and quality of the Company's 'Discs of Gold' project in Ireland. We look forward
now to the next phase of exploration at Clontibret and Clay Lake and progressing
with our work towards a dual listing on the TSX-Venture Exchange in Canada."
Additional information
Conroy has conditionally raised £1,313,000, prior to expenses, through the issue
of 16,412,500 new Ordinary Shares of €0.001 ("Ordinary Shares") at a price of 8
pence per share (the "Fundraise Shares"). An application has been made for
admission of the Fundraise Shares to trading on AIM, which is expected to occur
on or around 4 September 2026 ("Admission").
The Fundraise has been conducted within the Company's existing share authorities
and allotment is conditional upon Admission.
Every two Fundraise Shares will be accompanied by a warrant to subscribe for one
further Ordinary Share at a price of 15 pence at any time up to 31 August 2028
(the "Warrants"). The Fundraise Shares, or any Ordinary Shares being issued as
a result of any exercise of Warrants, are subject to a restricted or 'lock-in'
period ending 4 months from the date of allotment of the Fundraise Shares.
The participants in the Fundraise are primarily long-term value investors from
North America. Of these shareholders: (i) Mr. Ryan Matthiesen has subscribed
for 500,000 Fundraise Shares, increasing his overall shareholding to 6,275,000
Ordinary Shares; (ii) Mr. Lowell Schmidt has subscribed for 625,000 Fundraise
Shares, increasing his overall shareholding to 3,125,000 Ordinary Shares; and
(iii) Mr. Harry Pokrandt has subscribed for 1,375,000 Fundraise Shares
increasing his overall shareholding to 3,125,000 Ordinary Shares. These
participants in the Fundraise are expected to hold 6.72 per cent., 3.35 per
cent. and 3.35 per cent. respectively of the enlarged ordinary share capital of
the Company on Admission.
On Admission, and for the purposes of the FCA Disclosure Guidance and
Transparency Rules, the Company's total issued voting share capital will consist
of 93,361,933 Ordinary Shares with one voting right per ordinary share.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company, under the FCA's
Disclosure Guidance and Transparency Rules.
About the `Discs of Gold' project
Conroy's `Discs of Gold' project inIrelandis defined by two parallel district
scale gold trends, extending over c.90km, which are 100 per cent. held under
license by the Company, anchored by the Clontibret gold deposit. The Clontibret
target area contains a currently defined 517Koz gold resource @ 2.0 g/t Au
(320Koz Au Indicated and 197Koz Au Inferred (2017)) which remains open in
multiple directions. The Company has identified a further seven gold targets in
its license area with the Clay Lake and Creenkill gold targets being of
particular interest.Gold occurs in multiple styles in the Company's license
area, including free gold, refractory gold in arsenopyrite and gold associated
with pyrite and antimony (stibnite), suggesting multiple hydrothermal events
seeded the deposit. There are clear geological analogies between the "Discs of
Gold" targets and large gold deposits inSoutheastern AustraliaandAtlantic
Canada.
For further information please contact:
Conroy Gold and Natural Resources PLC Tel:+353-1-479-6180
John Sherman, Chairman
Maureen Jones, Managing Director
Allenby Capital Limited (Nomad) Tel:+44-20-3328-5656
Nick Athanas / Nick Harriss
Hybridan LLP (Broker) Tel:+44-20-3764-2341
Claire Noyce Tel:+44-20-3290-0707
Lothbury Financial Services
Michael Padley
Hall Communications Tel:+353-1-660-9377
Don Hall
Visit the website at:www.conroygold.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/conroy-gold---natural-resources-plc/r/closing-of-non-brokered-private-placement,c4390119
The following files are available for download:
https://news.cision.com/conroy-gold---natural-resources-plc/i/4390119-0-jpeg,c3560863 4390119_0.jpeg
