Conroy Gold & Natural Resources Plc - Closing of Non-Brokered Private Placement

1 September 2026

           

Conroy   Gold   and   Natural   Resources   plc

(“ Conroy ” or the “ Company ”)

CLOSING OF NON-BROKERED PRIVATE PLACEMENT

• Fundraise closed oversubscribed for a total investment of £1,313,000
• Fundraise Shares have a restriction period ending four months from issue
• Net proceeds to be used by the Company to accelerate exploration on its Irish exploration assets and for general working capital purposes

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, announces that the Company has received all funds from investors and closed its non-brokered private placement for a total of £1,313,000 at a price of 8 pence per share (the “ Fundraise ”), the terms of which are set out in the Company’s announcement dated 29 July 2026, as updated in the announcement of 10 August 2026. The participants in the Fundraise include both existing and new shareholders.

The Company intends to use the net proceeds from the 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.

Mr. John Sherman, the Company's Chairman, commented:

"We are delighted that the Fundraise has closed oversubscribed and I would like to thank both our existing shareholders and the new investors who have joined the register for their strong support. The level of demand, particularly from long-term value investors in North America, is a clear endorsement of the scale and quality of the Company's 'Discs of Gold' project in Ireland.   We look forward now to the next phase of exploration at Clontibret and Clay Lake and progressing with our work towards a dual listing on the TSX-Venture Exchange in Canada.”

Additional information

Conroy has conditionally raised £1,313,000, prior to expenses, through the issue of 16,412,500 new Ordinary Shares of €0.001 (“ Ordinary Shares ”) at a price of 8 pence per share (the “ Fundraise Shares ”).   An application has been made for admission of the Fundraise Shares to trading on AIM, which is expected to occur on or around 4 September 2026 (“ Admission ”).

The Fundraise has been conducted within the Company’s existing share authorities and allotment is conditional upon Admission.

Every two Fundraise Shares will be accompanied by a warrant to subscribe for one further Ordinary Share at a price of 15 pence at any time up to 31 August 2028 (the “ Warrants ”).   The Fundraise Shares, or any Ordinary Shares being issued as a result of any exercise of Warrants, are subject to a restricted or 'lock-in' period ending 4 months from the date of allotment of the Fundraise Shares.

The participants in the Fundraise are primarily long-term value investors from North America.   Of these shareholders: (i) Mr. Ryan Matthiesen has subscribed for 500,000 Fundraise Shares, increasing his overall shareholding to 6,275,000 Ordinary Shares; (ii) Mr. Lowell Schmidt has subscribed for 625,000 Fundraise Shares, increasing his overall shareholding to 3,125,000 Ordinary Shares; and (iii) Mr. Harry Pokrandt has subscribed for 1,375,000 Fundraise Shares increasing his overall shareholding to 3,125,000 Ordinary Shares. These participants in the Fundraise are expected to hold 6.72 per cent., 3.35 per cent. and 3.35 per cent. respectively of the enlarged ordinary share capital of the Company on Admission.

On Admission, and for the purposes of the FCA Disclosure Guidance and Transparency Rules, the Company's total issued voting share capital will consist of 93,361,933 Ordinary Shares with one voting right per ordinary share.

The above figure may be used by shareholders as the denominator for the calculations by which they will 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.

About the ‘Discs of Gold’ project

Conroy’s ‘Discs of Gold’ project in   Ireland   is defined by two parallel district scale gold trends, extending over c.90km, which are 100 per cent. held under license by the Company, anchored by the Clontibret gold deposit. The Clontibret target area contains a currently defined 517Koz gold resource @ 2.0 g/t Au (320Koz Au Indicated and 197Koz Au Inferred (2017)) which remains open in multiple directions. The Company has identified a further seven gold targets in its license area with the Clay Lake and Creenkill gold targets being of particular interest.   Gold occurs in multiple styles in the Company’s license area, including free gold, refractory gold in arsenopyrite and gold associated with pyrite and antimony (stibnite), suggesting multiple hydrothermal events seeded the deposit. There are clear geological analogies between the “Discs of Gold” targets and large gold deposits in   Southeastern Australia   and   Atlantic Canada.  

 

 

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Visit the website at:   www.conroygold.com