7th Feb 2013 07:00
CONROY GOLD & NATURAL RESOURCES PLC - Conroy Appoints Seamus FitzPatrick as Deputy ChairmanCONROY GOLD & NATURAL RESOURCES PLC - Conroy Appoints Seamus FitzPatrick as Deputy Chairman
PR Newswire
London, February 6
Conroy Gold and Natural Resources plc (AIM:CGNR; ESM:CGNR.I), the goldexploration and development company developing a gold mine at Clontibret in Co.Monaghan, Ireland, is pleased to announce the appointment of Mr SeamusFitzPatrick as Deputy Chairman (Non-executive).
Mr FitzPatrick, who has been a Non-Executive Director of Conroy for the pastfive years, has worked in both corporate finance and private equity in Londonand New York with Morgan Stanley International, J.P. Morgan Capital Partnersand Bankers' Trust. In 1999 he co-founded CapVest Associates LLP, which hasraised funds in excess of £2.0 billion. He is chairman of the Mater PrivateHospital and Valeo Foods Limited, and is a board member of Reno Norden AB. Heis also a member of the board of Karelian Diamond Resources plc.
Conroy has under licence the entire thirty mile gold trend which it hasdiscovered in the Longford-Down Massif in Ireland and has discovered a seriesof significant gold targets along the trend. Scoping studies have beencompleted by independent consultants Tetra Tech WEI Inc. on Clontibret withpositive technical and financial results. Recent metallurgical studies byGoldfields on behalf of the Company have shown 90% gold recovery in flotationtests.
Commenting today, Chairman, Professor Richard Conroy said:
"Mr Seamus FitzPatrick, with his business ability and wide ranging experiencein corporate and financial matters, has already played a major role in theongoing success and development of the Company. I am delighted that he hasagreed to become Deputy Chairman.I look forward to his advice and support overthe coming years as the Company moves from exploration to production."
For further information please contact:
Conroy Gold and Natural Resources plc Tel: +353-1-661-8958Professor Richard Conroy, Chairman Merchant Securities Limited (Nomad) Tel: +44-20-7628-2200Simon Clements/Virginia Bull Hybridan LLP (Joint Broker) Tel: +44-20-7947-4350 Claire Noyce/Deepak ReddyShore Capital Stockbrokers Limited (Joint Broker) Tel: +44-20-7408-4050 Jerry Keen/Bidhi Bhoma/Toby Gibbs
IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800Brian Farrell Lothbury Financial Services Limited Tel: +44-20-3440-7620 Michael Padley/Michael Spriggs Hall Communications Tel: +353-1-660-9377Don HallVisit the website at: www.conroygoldandnaturalresources.com
Related Shares:
Conroy Gld&nres