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.
10 August 2026
[2011 Jan 28 CGNR Logo]
ConroyGoldandNaturalResourcesplc
("Conroy" or the "Company")
UPDATE ON NON-BROKERED PRIVATE PLACEMENT
· Original Proposed Fundraise level is expected to be oversubscribed
· Proposed Fundraise upper limit increased to c. £1.3 million
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 expressions of interest from investors for a total amount of
approximately £1.3 million in relation to its non-brokered private placement at
a price of 8 pence per ordinary share of €0.001 ("Ordinary Shares"), the terms
of which are set out in the Company's announcement dated 29 July 2026 (the
"Proposed Fundraise").
The new Ordinary Shares to be issued directly in respect of the Proposed
Fundraise (the "Fundraise Shares"), or indirectly as a result of any exercise of
warrants being issued as part of the Proposed Fundraise, will be subject to a
restricted or 'lock-in' period ending 4 months from the date of allotment of the
Fundraise Shares.
The Proposed Fundraise is expected to be oversubscribed by reference to the
initially proposed amount of up to £800,000. The interest is from both existing
and new investors that can contribute to the success of Conroy and its "Discs of
Gold" project and primarily from a number of long-term value investors from
North America. The Company, having taken into account both the strong support
and the backgrounds of the investors, has decided to increase the upper limit of
the Proposed Fundraise to c.£1.3 million.
It is expected that the subscription funds will be received in full by 15 August
2026 following which the Company will make an application for admission of the
Fundraise Shares to trading on AIM.
A further announcement will be released at the appropriate time.
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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