REG-Conroy Gold & Natural Resources Plc: Closing of Non-Brokered Private Placement

Conroy Gold and Natural ResourcesAnnouncement

08/10/2025 07:02

8 October 2025

      

Conroy Gold and Natural Resources plc

(“Conroy” or the “Company”)

CLOSING OF NON-BROKERED PRIVATE PLACEMENT
* Fundraise closed oversubscribed for a total investment of £1,728,700
* Fundraise Shares have a restriction period ending four months from issue 
* Net proceeds to be used by the Company to accelerate exploration on its
Irish exploration assets and for general working capital purposes
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 all funds from investors and closed its non-brokered private
placement for a total of £1,728,700 at a price of 10 pence per share (the
“Fundraise”), the terms of which are set out in the Company’s
announcement dated 12 September 2025. The participants in the Fundraise
include both existing and new shareholders.

The Company intends to use the net proceeds from the Fundraise for further
geological work on the Company's assets in Ireland, to continue with its
activities in securing material asset-level investment, and for general
working capital purposes.

Mr. John Sherman, the Company's Chairman, commented:

"The Board is pleased to have closed the Fundraise on an oversubscribed basis
and welcomes the participation of both new and existing investors.   I
believe the presence of new, long-term oriented North American investors with
deep sector experience on our shareholder register will raise the profile of
the Company.  These investors will also contribute meaningfully to the
“Discs” project going forward as we progress both targeted exploration
work and ongoing discussions around material strategic asset-level
investment.”

Additional information

Conroy has conditionally raised £1,728,700, prior to expenses, through the
issue of 17,287,000 new Ordinary Shares of €0.001 (“Ordinary Shares”) at
a price of 10 pence per share (the “Fundraise Shares”).  An application
has been made for admission of the Fundraise Shares to trading on AIM, which
is expected to occur on or around Thursday 9 October 2025 (“Admission”).

The Fundraise has been conducted within the Company’s existing share
authorities and allotment is conditional upon Admission.

Each Fundraise Share will be accompanied by a warrant to subscribe for one
further Ordinary Share at a price of 17.0p at any time in the next two years
(the “Warrants”).  The Fundraise Shares, or any Ordinary Shares being
issued as a result of any exercise of Warrants, are subject to a restricted or
'lock-in' period ending 4 months from the date of allotment of the Fundraise
Shares.

The participants in the Fundraise are primarily long-term value investors from
North America.  Of these shareholders, Mr. Ryan Matthiesen has subscribed for
3,000,000 Fundraise Shares, increasing his overall shareholding to 3,650,000
Ordinary Shares and Mr. Lowell Schmidt has subscribed for 2,500,000 Fundraise
Shares, and consequently, are expected to hold 5.04 per cent. and 3.45 per
cent. respectively of the enlarged ordinary share capital of the Company on
Admission.

On Admission, and for the purposes of the FCA Disclosure Guidance and
Transparency Rules, the Company's total issued voting share capital will
consist of 72,391,175 Ordinary Shares with one voting right per ordinary
share.

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 FCA’s
Disclosure Guidance and Transparency Rules.

About the ‘Discs of Gold’ project

Conroy’s ‘Discs of Gold’ project in Ireland is defined by two parallel
district scale gold trends, extending over c.90km, which are 100 per cent.
held under license by the Company, anchored by the Clontibret gold deposit.
The Clontibret target area contains a currently defined 517Koz gold resource @
2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017)) which remains
open in multiple directions. The Company has identified a further seven gold
targets in its license area with the Clay Lake and Creenkill gold targets
being of particular interest. Gold occurs in multiple styles in the
Company’s license area, including free gold, refractory gold in arsenopyrite
and gold associated with pyrite and antimony (stibnite), suggesting multiple
hydrothermal events seeded the deposit. There are clear geological analogies
between the “Discs of Gold” targets and large gold deposits
in Southeastern Australia and Atlantic Canada. 

 

 


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                                                                                                                  
 Peterhouse Capital Limited (Broker) Lucy Williams / Duncan Vasey Lothbury Financial Services  Tel: +44-20-7469-0930   Tel: +44-20-3290-0707  
 Michael Padley                                                                                                                               
 Hall Communications                                                                           Tel: +353-1-660-9377                           
 Don Hall                                                                                                                                     

 

Visit the website at: www.conroygold.com

 

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