Conroy Gold and Natural Resources plc has issued a total of 4,558,258 new ordinary shares of €0.001 each, following warrants exercises at 9.5 pence per ordinary share, for circa £433,034.
TVRs
The warrants relate to the company’s fundraise on 9 October 2024, with the remaining 2,697,224 unexercised warrants now lapsed.
Substantial shareholder Philip Hannigan received one million new ordinary shares and will hold 10,058,445 ordinary shares, representing 13.07% of Conroy’s enlarged share capital.
The estate of Professor Richard Conroy exercised warrants over 779,763 ordinary shares, taking his holding to 5,026,431 ordinary shares (6.53%).
Alongside the warrants exercise, the estate will receive £74,078 to clear an outstanding shareholder loan.
Following admission, the company’s total issued voting share capital will comprise 76,949,433 ordinary shares, each with one voting right.
Conroy Gold is exploring for base and precious metals on the Irish border and gold in Finland.