REG-Conroy Gold & Natural Resources Plc: Exercise of Warrants

Conroy Gold and Natural ResourcesAnnouncement

04/11/2020 15:35

4 November 2020

Conroy Gold and Natural Resources plc

(“Conroy Gold” or the “Company”)

Exercise 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 a notice to exercise warrants over a total of 208,333 ordinary shares
of €0.001 each (“Ordinary Shares”) at an exercise price of 16 pence per
Ordinary Share (the “Warrant Shares”), for which funds of c.£33,333 have
been received by the Company.

The warrants were issued as part of the fundraising announced on 18 February
2020. The proceeds from the exercise of the warrants will be used by the
Company for general working capital purposes.

An application will be made shortly for the Warrant Shares to be admitted to
trading on the AIM market of the London Stock Exchange with effect from 10
November 2020 (“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 31,080,538 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: +353-1-479-6180                             
 Professor Richard Conroy, Chairman                                                                                                   
 Allenby Capital Limited (Nomad)                                                     Tel: +44-20-3328-5656                            
 Nick Athanas/Nick Harriss                                                                                                            
 Brandon Hill Capital Limited (Joint Broker)                                         Tel: +44-20-3463-5000                            
 Jonathan Evans                                                                                                                       
 First Equity Limited (Joint Broker)  Jason Robertson   Lothbury Financial Services  Tel: +44-20-7330-1883    T el: +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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