REG-Conroy Gold & Natural Resources Plc: Warrant Exercise

Conroy Gold and Natural ResourcesAnnouncement

17/10/2025 14:15

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.

17 October 2025

 

                                                        

Conroy                                                               Gold    
                                                          and                
                                              Natural                        
                                      Resources                              
                                plc

(“                     Conroy                    ” or the “             
       Company                    ”)

Warrant Exercise

Holdings in the Company and PCA Dealing

Total Voting Rights

 

Warrant Exercise

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 warrant exercise notices to subscribe for a total of 4,558,258
new ordinary shares of €0.001 each in the Company ("                    
Ordinary Shares                    ") at an exercise price of 9.5 pence per
Ordinary Share generating cash proceeds of c.£433,034 for the Company.       
              These warrants were issued as part of the fundraising announced
by the Company on 9 October 2024 (the “                     Warrants        
           ”). The remaining 2,697,224 Warrants that remain unexercised have
now lapsed.

An application has been made for the 4,558,258 new Ordinary Shares to be
admitted to trading on AIM (“                     Admission                 
  ”) with admission expected to become effective on or around 21 October
2025.

Holdings in the Company and PCA Dealing

Of those who have exercised Warrants, Mr Philip Hannigan (a substantial
shareholder in Conroy as defined in the AIM Rules for Companies) will be
issued 1,000,000 new Ordinary Shares and, as a consequence, is expected to
hold 10,058,445 Ordinary Shares representing 13.07% of the enlarged share
capital of the Company on Admission.

Furthermore, the Estate of Professor Richard Conroy (the “                  
  Estate                    ”) has also exercised warrants over 779,763
Ordinary Shares and as a consequence is expected to hold 5,026,431 Ordinary
Shares representing 6.53% of the enlarged share capital of the Company on
Admission.                      In tandem with the exercise of these
warrants, an amount of £74,078 is being repaid to the Estate in respect of an
outstanding shareholder loan, thereby clearing remaining amounts owing to the
Estate not already covered by the arrangements announced by the Company on 28
August 2025 in relation to accrued Directors fees and remuneration.

The exercise of Warrants by the Estate is deemed to be a PCA dealing and the
table below provides further details in accordance with the UK Market Abuse
Regulation.

Total Voting Rights

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 76,949,433 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

 

The below notifications made in accordance with the requirements of the UK
Market Abuse Regulation provide further detail:

 1   Details of the person discharging managerial responsibilities / person closely associated                                                                                                                                                                                
 a)  Name                                                                                               The Estate of the Professor Richard Conroy (the “Estate”)                                                                                                             
 2   Reason for the notification                                                                                                                                                                                                                                              
 a)  Position/status                                                                                    The Estate is a person closely associated with Maureen Jones (a PDMR and Managing Director of the Company) by virtue of her being one of the executors of the Estate  
 b)  Initial notification /Amendment                                                                    Initial notification                                                                                                                                                  
 3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                            
 a)  Name                                                                                               Conroy Gold and Natural Resources plc                                                                                                                                 
 b)  LEI                                                                                                635400YIAKIIDS7JKF64                                                                                                                                                  
 4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                                                        
 a)  Description of the financial instrument, type of instrument  Identification code                   Ordinary shares of €0.001 each in Conroy Gold and Natural Resources plc  Identification code (ISIN): IE00BZ4BTZ13                                                     
 b)  Nature of the transaction                                                                          Exercise of Warrants                                                                                                                                                  
 c)  Price(s) and volume(s)                                                                             Price: 9.5 pence per share  Volume: 779,763                                                                                                                           
 d)  Aggregated information  - Aggregated volume  - Price                                               See above.                                                                                                                                                            
 e)  Date of the transaction                                                                            16 October 2025                                                                                                                                                       
 f)  Place of the transaction                                                                           Outside of a trading venue                                                                                                                                            

 

 

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