Conroy Gold and Natural Resources plc has received all the proceeds and closed its non-brokered private placement of 16,412,500 new ordinary shares of €0.001 each, to raise £1,313,000.
The funds will be used to advance the company’s base and precious metals exploration licences across the Irish border and for general working capital.
Long-term value investors from the United States who participated include existing shareholder Ryan Matthiesen, who subscribed for 500,000 shares, increasing his overall shareholding to 6,275,000 ordinary shares.
Lowell Schmidt and Harry Pokrandt subscribed for 625,000 and 1,375,000 shares, respectively, taking their holdings to 3,125,000 ordinary shares each.
Mr Matthiesen will own 6.72%, while Messrs Schmidt and Pokrandt will each hold 3.35% of Conroy.
Following admission, the company’s total issued voting share capital will comprise 93,361,933 ordinary shares, each with one voting right.
Conroy additionally holds diamond exploration assets in Finland.