Brief: Conroy Gold And Natural Resources kicks off shares placement conditional on AIM admission

Conroy Gold and Natural Resources

28/08/2018 07:09

Aug 28 (Reuters) - Conroy Gold and Natural Resources PLC
 CGNR.L :
    * PLACING OF 3,636,365 NEW ORDINARY SHARES AT 13.75 PENCE
PER
SHARE TO RAISE £500,000
    * 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) IS
PLEASED TO
ANNOUNCE THAT IT HAS CONDITIONALLY RAISED £500,000 (€556,545),
THROUGH A PLACING (THE “PLACING”) OF 3,636,365 ORDINARY SHARES
OF €0.001 IN THE CAPITAL OF THE COMPANY (THE “PLACING SHARES”)
AT A PRICE OF 13.75 PENCE PER PLACING
SHARE
    * PREMIUM OF 20 PERCENT TO THE CLOSING MID-MARKET PRICE ON
24
AUGUST 2018
    * 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 €0.001 IN THE CAPITAL OF THE COMPANY
(“ORDINARY SHARES”).

Source text for Eikon:  ID:nPRrS6816a 
Further company coverage:  CGNR.L 

 (Reporting By Pamela Barbaglia)
 ((pamela.barbaglia@thomsonreuters.com;  ;))