{"id":127890,"title":"Conroy Gold Shares Jump 9% Following £1.73m Oversubscribed Fundraise","publisher":"Share Talk","author":"sharetalk","published":"2025-10-08T15:00:01+00:00","modified":"2025-10-08T15:00:57+00:00","canonical_url":"https://www.share-talk.com/conroy-gold-shares-jump-9-following-1-73m-oversubscribed-fundraise/","markdown_url":"https://www.share-talk.com/conroy-gold-shares-jump-9-following-1-73m-oversubscribed-fundraise.md","json_url":"https://www.share-talk.com/conroy-gold-shares-jump-9-following-1-73m-oversubscribed-fundraise.json","category":"Mining","categories":["Mining"],"tags":["Australia","CGNR","Clontibret","Conroy Gold and Natural Resources","Demir Export","development","Exploration","GLENISH LICENCE","Gold","Ireland","John Sherman","Richard Conroy","Victoria"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/G2t5CK4WoAAMWkR.webp?fit=1000%2C562&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Conroy Gold and Natural Resources plc](https://www.investegate.co.uk/announcement/prn/conroy-gold-natural-resources-cdi---cgnr/closing-of-non-brokered-private-placement/9157120) shares rose **9%** after the company announced the successful closing of its **oversubscribed non-brokered private placement**, raising **£1,728,700** at **10 pence per share**.\n\nA total of **17,287,000 new ordinary shares (€0.001 nominal value)** were issued, each accompanied by a **warrant** to subscribe for one additional ordinary share at **17.0 pence** within **two years**. The new shares are subject to a **four-month lock-in period**.\n\nNotable participants included **Ryan Matthiesen**, who subscribed for **3,000,000 shares** (bringing his total holding to **3,650,000**), and **Lowell Schmidt**, who subscribed for **2,500,000 shares**.\n\n- **Fundraise closed oversubscribed for a total investment of £1,728,700**\n\n- **Fundraise Shares have a restriction period ending four months from issue**\n\n- **Net proceeds to be used by the Company to accelerate exploration on its Irish exploration assets and for general working capital purposes**\n\nUpon admission, the company’s total issued voting share capital will stand at **72,391,175 ordinary shares**.\n\nThe **net proceeds** from the placement will be used to fund **exploration work on Conroy’s Irish assets** and for **general working capital purposes**.\n\n**Mr. John Sherman, the Company’s Chairman, commented:**\n\n*“The Board is pleased to have closed the Fundraise on an oversubscribed basis and welcomes the participation of both new and existing investors.**   **I believe the presence of new, long-term oriented North American investors with deep sector experience on our shareholder register will raise the profile of the Company.**  **These investors will also contribute meaningfully to the “Discs” project going forward as we progress both targeted exploration work and ongoing discussions around material strategic asset-level investment.”*"}