Update on Non-Brokered Private Placement
Non-brokered private placement oversubscribed, expected to raise approximately £1.3 million at 8 pence per share.
- Placement price per share 8 pence
- Commitments received £910,000
- Expected fundraise level c. £1.3 million
Select text to share a quote on X · sign in to keep highlights & notes in your CGNR notes
Fundraise expected to close at c. £1.3 million
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, announces that in relation to its non-brokered private placement at a price of 8 pence per ordinary share of €0.001 (“Ordinary Shares”), the terms of which are set out in the Company’s announcement dated 29 July 2026 (the “Proposed Fundraise”), the Company has received commitments of £910,000 and is closing out on remaining expressions of interest up to the upper limit of c. £1.3 million noted in the Company’s announcement dated 10 August 2026.
Full details of the non-brokered private placement are set out in the Company’s announcement dated 29 July 2026.
The new Ordinary Shares to be issued directly in respect of the Proposed Fundraise (the “Fundraise Shares”), or indirectly as a result of any exercise of warrants being issued as part of the Proposed Fundraise, will be subject to a restricted or 'lock-in' period ending 4 months from the date of allotment of the Fundraise Shares.
The Company now expects to close out the Proposed Fundraise as subscription funds are received in full over the coming week or so following which the Company will make an application for admission of the Fundraise Shares to trading on AIM.
A further announcement will be released at the appropriate time.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.