REG-Conroy Gold & Natural Resources Plc: LAUNCH OF NON-BROKERED PRIVATE PLACEMENT TO RAISE UP TO £1.5m

Conroy Gold and Natural ResourcesAnnouncement

12/09/2025 07:02

PRIOR TO PUBLICATION, THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT WAS
DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF
REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED
TO BE IN THE PUBLIC DOMAIN.

IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS
CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS
BECAME AWARE OF INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT
VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE
INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE
INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

      

12 September 2025

Conroy Gold and Natural Resources plc

(“Conroy Gold” or the “Company”)

LAUNCH OF NON-BROKERED PRIVATE PLACEMENT

TO RAISE UP TO £1.5 MILLION

Highlights
* Up to £1.5 million proposed to be raised from new and existing investors
* Placing price of 10p per Ordinary Share, 6.2% premium to 10-day VWAP
* Shares to 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
Details

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, announces that it is
undertaking a non-brokered private placement (the "Proposed Fundraise") to
raise gross proceeds of, in aggregate, up to £1.5m from the issue of the
Company’s ordinary shares of €0.001 (“Ordinary Shares”) at a price of
£0.10 (the “Issue Price”) per Unit.  

Each Unit will consist of one new Ordinary Share (“Fundraise Share”) and
one warrant to purchase a further new Ordinary Share (the "Warrant").   The
Issue Price represents a premium to the 10-day Volume Weighted Average Price
(“VWAP”) of the Company’s ordinary shares, and a discount of 11.1% to
the mid-market closing price per ordinary share on 11 September 2025.  

Each Warrant shall entitle the holder to purchase one new Ordinary Share
(each, a "Warrant Share") at a price of £0.17 per Ordinary Share at any time
on or before that date which is 2 years after the closing date of the Proposed
Fundraise.

Eligible investors located in the United Kingdom or Ireland who wish to
participate in the Proposed Fundraise should contact the Company's UK broker,
Peterhouse Capital Limited, on the contact details set out below. Eligible UK
investors will be those who are (a) persons having professional experience in
matters relating to investments and as described in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Financial Promotion Order") and/or (b) high net worth companies,
unincorporated associations, partnerships or trusts or their respective
directors, officers or employees as described in Article 49(2) of the
Financial Promotion Order and/or (c) existing members of the Company as
described in Article 43(2) of the Financial Promotion Order.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any securities in any jurisdiction
in which such offer, solicitation, or sale would be unlawful. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the “1933 Act”), or any state securities laws and
may not be offered or sold in the “United States” or to “U.S. persons”
(as such terms are defined in Regulation S under the 1933 Act) unless
registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration requirements is available.

The Fundraise Shares to be issued directly in respect of the Units or
indirectly as a result of Warrant exercise will be subject to a restricted or
'locked-in' period ending four months after the issue of the Units.

The Proposed Fundraise is scheduled to close on or around 22 September 2025
and is subject to certain conditions including, but not limited to, receipt of
all necessary regulatory approvals and admission of the Fundraise Shares to
trading on AIM.

A further announcement on the Proposed Fundraise will be released in due
course. 

Further Background

The Company has decided to raise these funds via a non-brokered private
placement with a view to bringing on board a number of long-term value
investors, predominately from North America, that the Company believes could
contribute to the success of Conroy and its “Discs of Gold” project.

The Company intends to use the net proceeds from the Proposed 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 announce the fundraise which, at a price of 10 pence
per share echoes the confidence in the “Discs” project shown by the terms
of the May convertible loan fundraising and the recent support from current
and former Directors to restructure amounts owed to them by the Company into
success-linked instruments.  This funding will enable the Company to progress
with carefully targeted development work on the “Discs” project, while
supporting ongoing discussions with potential strategic joint-venture partners
and other asset-level investors.”

About the ‘Discs of Gold’ project

Conroy Gold’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, and 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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