LAUNCH OF NON-BROKERED PRIVATE PLACEMENT TO RAISE UP TO £1.5m

Highlights

Up to £1.5 million proposed to be raised from new and existing investors

Placing price of 10p per Ordinary Share, 6.2% premium to 10-day VWAP

Shares to have a restriction period ending four months from issue

Details

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, announces that it is undertaking a non-brokered private placement (the "Proposed Fundraise") to raise gross proceeds of, in aggregate, up to £1.5m from the issue of the Company’s ordinary shares of €0.001 (“Ordinary Shares”) at a price of £0.10 (the “Issue Price”) per Unit.

Each Unit will consist of one new Ordinary Share (“Fundraise Share”) and one warrant to purchase a further new Ordinary Share (the "Warrant"). The Issue Price represents a premium to the 10-day Volume Weighted Average Price (“VWAP”) of the Company’s ordinary shares, and a discount of 11.1% to the mid-market closing price per ordinary share on 11 September 2025.

Each Warrant shall entitle the holder to purchase one new Ordinary Share (each, a "Warrant Share") at a price of £0.17 per Ordinary Share at any time on or before that date which is 2 years after the closing date of the Proposed Fundraise.

Eligible investors located in the United Kingdom or Ireland who wish to participate in the Proposed Fundraise should contact the Company's UK broker, Peterhouse Capital Limited, on the contact details set out below. Eligible UK investors will be those who are (a) persons having professional experience in matters relating to investments and as described in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order") and/or (b) high net worth companies, unincorporated associations, partnerships or trusts or their respective directors, officers or employees as described in Article 49(2) of the Financial Promotion Order and/or (c) existing members of the Company as described in Article 43(2) of the Financial Promotion Order.

The Fundraise Shares to be issued directly in respect of the Units or indirectly as a result of Warrant exercise will be subject to a restricted or 'locked-in' period ending four months after the issue of the Units.

The Proposed Fundraise is scheduled to close on or around 22 September 2025 and is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals and admission of the Fundraise Shares to trading on AIM.

A further announcement on the Proposed Fundraise will be released in due course.

Further Background

The Company has decided to raise these funds via a non-brokered private placement with a view to bringing on board a number of long-term value investors, predominately from North America, that the Company believes could contribute to the success of Conroy and its “Discs of Gold” project.

The Company intends to use the net proceeds from the Proposed Fundraise for further geological work on the Company's assets in Ireland, to continue with its activities in securing material asset-level investment, and for general working capital purposes.

John Sherman, the Company's Chairman, commented:

"The Board is pleased to announce the fundraise which, at a price of 10 pence per share echoes the confidence in the “Discs” project shown by the terms of the May convertible loan fundraising and the recent support from current and former Directors to restructure amounts owed to them by the Company into success-linked instruments. This funding will enable the Company to progress with carefully targeted development work on the “Discs” project, while supporting ongoing discussions with potential strategic joint-venture partners and other asset-level investors.”

About the ‘Discs of Gold’ project