Conroy Gold & Natural Resources Plc Warrant Exercise

 
TIDMCGNR 
 
8 January 2021 
 
                     Conroy Gold and Natural Resources plc 
                       ("Conroy Gold" or the "Company") 
 
                  Exercise of Warrants and Issue of Warrants 
 
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and 
development company focused on Ireland and Finland, announces that it has 
received notice to exercise warrants over a total of 60,000 ordinary shares of 
EUR0.001 each ("Ordinary Shares") at an exercise price of 35 pence per Ordinary 
Share (the "Warrant Shares"), for which funds of GBP21,000 have been received by 
the Company. 
 
The warrants (the "Financing Warrants") were issued as part of the fundraising 
announced by the Company on 11 August 2020. The proceeds from the exercise of 
the Financing Warrants will be used by the Company for general working capital 
purposes. 
 
The Company has today, in accordance with the terms of the fundraising 
announced on 11 August 2020, issued additional warrants to the warrantholder 
who has exercised warrants. The warrantholder has been issued with warrants to 
subscribe for 60,000 new ordinary shares in the Company at a price of 100 pence 
per ordinary share (the "Super Warrants"). The Super Warrants expire on 11 
August 2022. 
 
An application has been made for the Warrant Shares to be admitted to trading 
on the AIM market of the London Stock Exchange with effect from 14 January 2021 
("Admission"). 
 
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the 
Company confirms that on Admission the Company's enlarged issued ordinary share 
capital will comprise 32,319,705 Ordinary Shares. The Company does not hold any 
Ordinary Shares in Treasury.  Therefore, following Admission, the above figure 
may be used by shareholders in the Company as the denominator for the 
calculations to 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. 
 
For further information please contact: 
 
Conroy Gold and Natural Resources plc                Tel: [phone] 
 
Professor Richard Conroy, Chairman 
 
Allenby Capital Limited (Nomad)                      Tel: [phone] 
 
Nick Athanas/Nick Harriss 
 
Brandon Hill Capital Limited (Joint Broker)          Tel: [phone] 
 
Jonathan Evans 
 
First Equity Limited (Joint Broker)                  Tel: [phone] 
Jason Robertson 
 
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

January 08, 2021 06:15 ET (11:15 GMT)