Conroy Gold & Natural Resources Plc Issue of Equity

 
TIDMCGNR 
 
The 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. 
 
                                                                             28 
                                                                    August 2018 
 
                     Conroy Gold and Natural Resources plc 
 
                       ("Conroy Gold" or "the Company") 
 
                     Placing to raise GBP500,000 (EUR556,545) 
 
  * Placing of 3,636,365 new ordinary shares at 13.75 pence per share to raise 
    GBP500,000 (EUR556,545) 
 
  * Proceeds of the Placing to be used for the advancement of the Company's 
    gold assets in Ireland 
 
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and 
development company focused on Ireland and Finland, is pleased to announce that 
it has conditionally raised GBP500,000 (EUR556,545), through a Placing (the 
"Placing") of 3,636,365 ordinary shares of EUR0.001 in the capital of the Company 
(the "Placing Shares") at a price of 13.75 pence per Placing Share, being a 
premium of 20 percent to the closing mid-market price on 24 August 2018 (being 
the last practicable date prior to the completion of the Placing). 
 
The Placing is conditional on admission of the Placing Shares to trading on 
AIM. The Placing Shares will rank pari passu with the existing issued ordinary 
shares of EUR0.001 in the capital of the Company ("Ordinary Shares"). 
 
The Company intends to use the proceeds of the placing to fund the advancement 
of the Company's gold assets, in particular the development of the Clontibret 
deposit, together with exploration focussed on the Clay Lake, Glenish and 
Slieve Glah gold prospects within the 40 mile (65 km) Armagh-Monaghan-Cavan 
gold belt and for working capital generally. 
 
Application has been made to AIM for the Placing Shares to be admitted to 
trading. It is expected that admission will become effective on 31 August 2018. 
 
Following the issue of the Placing Shares, and for the purposes of the 
Disclosure and Transparency Rules, the Company's total issued share capital on 
Admission will consist of 23,693,039 Ordinary Shares. 
 
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 
Disclosure and Transparency Rules. 
 
Professor Richard Conroy, Chairman commented: 
 
"I am pleased to report that this Placing will allow the momentum achieved from 
the excellent drilling results that we recently reported to be continued over 
the coming months." 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                    Tel: 
                                                         [phone] 
 
Professor Richard Conroy, Chairman 
 
Allenby Capital Limited (Nomad)                          Tel: 
                                                         [phone] 
 
Virginia Bull/Nick Harriss 
 
Brandon Hill Capital Limited (Broker)                    Tel: 
                                                         [phone] 
 
Jonathan Evans 
 
Lothbury Financial Services                              Tel: 
                                                         [phone] 
 
Michael Padley 
 
Hall Communications                                      Tel: 
                                                         [phone] 
 
Don Hall 
 
Visit the website at: www.conroygold.com 
 
 
 
END 
 

(END) Dow Jones Newswires

August 28, 2018 02:00 ET (06:00 GMT)