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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conroy Diam&Gld | LSE:CDG | London | Ordinary Share | IE0002163354 | ORD EUR0.03 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
February 19, 2007 Conroy Diamonds and Gold Plc ("Conroy" or "the Company") Directorate Change CONROY STRENGTHENS BOARD WITH APPOINTMENT OF EXPERIENCED CORPORATE FINANCIER * Seamus FitzPatrick Brings Broad Experience Of Corporate/ Private Equity Finance As AIM-listed Conroy Diamonds and Gold P.l.c moves closer to achieving its objective of establishing economic gold deposits on its Irish licences with the recent release of it's first JORC-compliant resource estimate, the Company is pleased to announce that it has strengthened its Board with the appointment of Mr Seamus Philip FitzPatrick (age 40), as a non-executive director. He is a director of Karelian Diamond Resources PLC, CapVest Ltd, Finn Vass Acquisitions Oy, FinnVass Swedeco AB, Finn Vass TopCo Oy, Vaseq Executive Oy, Vaseq Manager SA, Vaasan & Vaasan and FoodVest Ltd and during the last five years has been a director of Riva AG, Riva BV, Clear Money Ltd and Clear Bills Limited. Mr. FitzPatrick has confirmed that there is no further information required to be disclosed under paragraph 17 of the AIM Rules. Welcoming Mr Fizpatrick's appointment, Chairman, Professor Richard Conroy, said his wealth of experience in corporate finance, is particularly appropriate as Conroy Diamonds and Gold moves into the all-important economic assessment, financial evaluation and development of its Irish gold discoveries. Conroy holds prospecting licences over 1500km2 of the Longford-Down Massif in Ireland. Within a 60km2 section of this area known as the Armagh-Monaghan Gold Belt, it has identified two gold deposits and two other zones of gold mineralisation as well as many other areas with strongly anomalous gold-in-soil values. Some 40km to the south-west, at Slieve Glah in County Cavan, the Company has also outlined a second area of highly anomalous gold-in-soil values, with gold identified in trenching. This area also lies within the Massif, as does the intervening tract of highly prospective ground, all of which falls within Conroy's licence area. The Company's first JORC-compliant resource estimates, announced in January, for one closely - drilled area covering less than 20 per cent. of it's Clontibret target anomaly in Co. Monaghan ranged from an inferred resource of 500,000oz contained gold (12m tonnes grading 1.3g/t using a 1g/t cut-off). The estimates include an indicated resource of 1.3 tonnes grading 1.4g/t (64,000oz contained gold) at 1g/t cut-off. Further Info: Professor Richard Conroy, Chairman, Conroy Diamonds and Gold Plc. Tel: 00-353-1-661-8958 Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518 Jeffrey Coburn, John East & Partners Tel: 020- 7628-2200 Charles Dampney City Capital Limited Tel: 020-7822-7107 Visit website at: www.conroydiamondsandgold.com END
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