8th Oct 2014 06:56
LONDON (Alliance News) - Conroy Gold & Natural Resources PLC raised GBP750,000 on Wednesday via a discounted, oversubscribed placing and subscription.
The group raised GBP750,000 via the issue of 750 million shares at 1 pence per share. Conroy shares closed down 8.5% on Tuesday at 1.35 pence.
Conroy said it will use the proceeds of the placing and subscription in order to fund the ongoing work programme at the Clontibret gold target. In September, the group said a two-phase definitive mining plan is being developed for the site in Ireland.
By Sam Unsted; [email protected]; @SamUAtAlliance
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