15th Jul 2019 13:31
(Alliance News) - Conroy Gold & Natural Resources, a gold exploration company, raised new funds by issuing a convertible loan note to a company shareholder.
The EUR250,000 of funding was provided by Hard Metal Machine Tools Ltd, a company 99% owned by Philip Hannigan, who has an 8.3% stake in Conroy Gold.
The loan, which has a 5% annual interest rate and a three-year term, has a conversion price into Conroy shares of 7.00 pence.
The stock was down 6.2% at 5.30 pence in London on Monday afternoon.
Related Shares:
Conroy Gld&nres