Conroy Gold and Natural Resources plc has raised £1,728,700 through a non-brokered private placement for 7,287,000 new ordinary shares of €0.001, at 10 pence per share. TVRs Each fundraise share has one warrant attached to subscribe for one new ordinary share, at a price of 17 pence over the next two years. The company said […]
Tag: Clay Lake
Conroy restructures directors’ owed payments
Conroy Gold and Natural Resources plc has agreed to restructure accrued salaries and fees, owed to certain past and present directors, by linking payment to commercial production and an increase in share price. SHAREHOLDERS Among the measures proposed, the directors would receive an aggregate 8.067 million, seven-year share options each at an exercise price of […]
Conroy begins ‘robust’ 3D model for Clontibret
Conroy Gold and Natural Resources plc has begun work on a “more robust” 3D geological model at the Clontibret gold deposit in County Monaghan, Ireland. ANTIMONY Current relogging on more than 16,000 metres of drill core has so far completed the cross sections in the existing deposit. The company has also nearly completed portable XRF […]
Conroy to raise £259,000 in discounted fundraise
Conroy Gold and Natural Resources plc is to raise £259,000 via a 27% discounted placing and subscription for a total 5,452,631 ordinary shares in the company. DIRECTORS The placing raised £87,500 through the issue of 1,842,105 new ordinary shares of €0.001 each at a price of 4.75 pence. The subscription of 3,610,526 new ordinary shares […]
Conroy returns 40m gold intersection at Clay Lake
Conroy Gold and Natural Resources plc assays showed a gold intersection extending 40.5m at 1.2 g/t gold at Clay Lake in County Armagh, Northern Ireland. CONTINUITY The results are from the first of eight holes in step-out drilling for 2,000 metres on the Derryhennet section on the Longford-Down Massif. The drill hole lies 200m southwest […]
Conroy plans 2,000m step-out drilling at Clay Lake
Conroy Gold and Natural Resources plc plans a 2,000 metre step-out drilling programme on the Derryhennet section at Clay Lake in the Longford-Down Massif gold trend, Northern Ireland. ASSESSMENT The company’s joint venture Turkish partner Demir Export S.A. will drill eight step-out holes at the target in County Armagh, which is one of a series […]