9th Nov 2009 17:50
9 November 2009 CONROY TO SEEK ADMISSION OF ITS SHARES TO TRADING ON IEX * Move Will Facilitate Dealing In Euro By Irish Shareholders * Admission Expected to Take Effect From 7 December 2009
Conroy Diamonds and Gold P.l.c. ("Conroy" or "the Company"), the AIM-listed exploration company which has delineated a 30 mile gold trend in Ireland, is pleased to announce that it is to seek admission of its fully-paid ordinary shares of EUR0.03 each to trading on the Irish Enterprise Exchange ("IEX") of the Irish Stock Exchange.
Admission is expected to take effect from 7 December 2009: the date of the Company's forthcoming Annual General Meeting. The Company's IEX Adviser is IBI Corporate Finance Limited. For the avoidance of doubt, Merchant John East Securities Limited and City Capital Corporation Limited remains the Company's nominated adviser and broker on AIM, respectively.
Commenting on this move, Chairman Professor Richard Conroy said:
"We already attract the interest of many Irish investors because of our exploration success in Ireland. We believe that listing on IEX will facilitate dealings for Irish or other investors who normally trade in Euro, particularly as we are now at such an exciting stage with our gold discoveries in the Clontibret-Clay Lake area of our licences.
"In addition, our most recent discovery, to the south of Clay Lake, is a very large zinc anomaly extending over several square kilometres. With values ranging up to 4,047ppm zinc in soil sampling, against typical background values of less than 200ppm, this adds a new dimension to our activities since it supports the interpretation that a significant, zoned metalliferous system may be present in the Clontibret-Clay Lake area."
Further Information:
Professor Richard Conroy, Chairman, Conroy Diamonds and Gold Plc Tel: +353-1-661-8958
Charles Dampney, City Capital Corporation Limited Tel: +44-20-3178-3399
Simon Clements/Virginia Bull, Merchant John East Securities Limited Tel: +44-20-7628-2200
Ron Marshman/Michael Padley, Lothbury Financial Tel: +44-20-7011-9411 John Tuite, IBI Corporate Finance Tel: + 353-1-637-7800
Visit website at: www.conroydiamondsandgold.com Conroy Share Price:
CONROY DIAMONDS & GOLD PLCRelated Shares:
Conroy Gld&nres