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.
[2011 Jan 28 CGNR Logo]
29 July 2026
ConroyGoldandNaturalResourcesplc
("Conroy Gold" or the "Company")
LAUNCH OF NON-BROKERED PRIVATE PLACEMENT
TO RAISE UP TO £0.8 MILLION
Highlights
· Up to £0.8 million proposed to be raised from new and existing investors
· Placing price of 8p per Ordinary Share
· Shares to 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
Details
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, announces that it is
undertaking a non-brokered private placement (the "Proposed Fundraise") to raise
gross proceeds of, in aggregate, up to £0.8m from the issue of the Company's
ordinary shares of €0.001 ("Ordinary Shares") at a price of £0.08 (the "Issue
Price") per Ordinary Share.
For every two new Ordinary Shares subscribed for (each a "Fundraise Share"), an
investor will receive one warrant to purchase a further new Ordinary Share (the
"Warrant"). The Issue Price is equal to the mid-market closing price of 8 pence
per ordinary share on 28 July 2026.
Each Warrant shall entitle the holder to purchase one new Ordinary Share (each,
a "Warrant Share") at a price of £0.15 per Ordinary Share at any time on or
before that date which is 2 years after the closing date of the Proposed
Fundraise.
Eligible investors located in the United Kingdom or Ireland who wish to
participate in the Proposed Fundraise should contact the Company's UK broker,
Hybridan LLP, on the contact details set out below. Eligible UK investors will
be those who are (a) persons having professional experience in matters relating
to investments and as described in Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion
Order") and/or (b) high net worth companies, unincorporated associations,
partnerships or trusts or their respective directors, officers or employees as
described in Article 49(2) of the Financial Promotion Order and/or (c) existing
members of the Company as described in Article 43(2) of the Financial Promotion
Order.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any securities in any jurisdiction
in which such offer, solicitation, or sale would be unlawful. The securities
have not been and will not be registered under the United States Securities Act
of 1933, as amended (the "1933 Act"), or any state securities laws and may not
be offered or sold in the "United States" or to "U.S. persons" (as such terms
are defined in Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such registration
requirements is available.
The Fundraise Shares to be issued directly pursuant to the Proposed Fundraise or
indirectly as a result of Warrant exercise will be subject to a restricted or
'locked-in' period ending four months after the issue of the Fundraise Shares.
The Proposed Fundraise is scheduled to close on or around 7th August 2026 and is
subject to certain conditions including, but not limited to, receipt of all
necessary regulatory approvals and admission of the Fundraise Shares to trading
on AIM. A further announcement on the Proposed Fundraise will be released in due
course.
Further Background
The Company has decided to raise these funds via a non-brokered private
placement from existing and new investors that the Company believes could
contribute to the success of Conroy and its "Discs of Gold" project.
The Company intends to use the net proceeds from the Proposed Fundraise to
advance the Phase 2 drilling programme now underway, to progress the Company's
proposed dual listing on the TSX-Venture Exchange in Canada; to continue its
activities in securing material asset-level investment; and for general working
capital purposes.
Mr. John Sherman, the Company's Chairman, commented:
"The Board is pleased to announce the proposed fundraise which reflects the
Board's confidence in the "Discs of Gold" project following the successful
completion of our Phase 1 drilling programme at Clontibret, across which we
intersected the deepest gold mineralisation recorded at the deposit to date,
identified a substantial Buddingtonite alteration system that may help vector us
towards further mineralisation, and demonstrated increasing continuity of the
mineralised system northwards towards the Corcaskea target. Our Phase 2
drilling programme involves testing the Orlock Bridge Fault Zone between the
Clay Lake target and Clontibret, together with further targeted drilling at
Clontibret. In addition to progressing the Phase 2 programme, the fundraise will
also support the Company's continued progress towards a proposed dual listing on
the TSX-Venture Exchange in Canada, broadening the Company's access to the long
-term value investors in North America, strategic joint-venture partners and
other asset-level investors who have supported the project."
About the `Discs of Gold' project
Conroy Gold's `Discs of Gold' project inIrelandis defined by two parallel
district scale gold trends, extending over c.95km, which are 100 per cent. held
under license by the Company, and 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
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