Conroy Gold & Natural Resources Plc Warrant Exercise
January 08 2021 - 5:15AM
UK Regulatory
TIDMCGNR
8 January 2021
Conroy Gold and Natural Resources plc
("Conroy Gold" or the "Company")
Exercise of Warrants and Issue 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 notice to exercise warrants over a total of 60,000 ordinary shares of
EUR0.001 each ("Ordinary Shares") at an exercise price of 35 pence per Ordinary
Share (the "Warrant Shares"), for which funds of GBP21,000 have been received by
the Company.
The warrants (the "Financing Warrants") were issued as part of the fundraising
announced by the Company on 11 August 2020. The proceeds from the exercise of
the Financing Warrants will be used by the Company for general working capital
purposes.
The Company has today, in accordance with the terms of the fundraising
announced on 11 August 2020, issued additional warrants to the warrantholder
who has exercised warrants. The warrantholder has been issued with warrants to
subscribe for 60,000 new ordinary shares in the Company at a price of 100 pence
per ordinary share (the "Super Warrants"). The Super Warrants expire on 11
August 2022.
An application has been made for the Warrant Shares to be admitted to trading
on the AIM market of the London Stock Exchange with effect from 14 January 2021
("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 32,319,705 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) Tel: +44-20-7330-1883
Jason Robertson
Lothbury Financial Services Tel: +44-20-3290-0707
Michael Padley
Hall Communications Tel: +353-1-660-9377
Don Hall
Visit the website at: www.conroygold.com
END
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