---
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"
date: 2025-10-08
canonical: "https://www.share-talk.com/conroy-gold-shares-jump-9-following-1-73m-oversubscribed-fundraise/"
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"]
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"
---

# Conroy Gold Shares Jump 9% Following £1.73m Oversubscribed Fundraise

**Published:** October 8, 2025
**Author:** sharetalk
**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)

---

[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**.

A 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**.

Notable 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**.

- **Fundraise closed oversubscribed for a total investment of £1,728,700**

- **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**

Upon admission, the company’s total issued voting share capital will stand at **72,391,175 ordinary shares**.

The **net proceeds** from the placement will be used to fund **exploration work on Conroy’s Irish assets** and for **general working capital purposes**.

**Mr. John Sherman, the Company’s Chairman, commented:**

*“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.”*

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