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AIM:CGNR

Conroy Gold and Natural Resources

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Market:
AIM
Market Cap:
£9.72 m
Price
31.50 GBX
Change
-4.55%
52 weeks high
39.90
52 weeks low
4.00

Professor Conroy and his colleagues have an outstanding record of success in the natural resources industry. Their discovery and development of the Galmoy zinc ore bodies led to the revival of the Irish base metal industry and to Ireland becoming an international zinc province.

Their Company was also a founder member of the Stoneboy consortium, an exploration group which discovered the Pogo gold deposit in Alaska, now in production by Sumitomo as a world class gold mine.

Professor Conroy has long held the view that significant potential for gold existed in Ireland and that in Finland, which on joining the EU opened it borders to international exploration companies, there were major opportunities in gold, diamonds and other minerals.

Professor Conroy and his colleagues established Conroy Diamonds and Gold plc to explore these opportunities. The Company’s strategy has been to achieve its objectives by means of an exploration approach based on a highly focused and cost effective methodology.

This strategy has resulted in the discovery in the Longford - Down Massif in Ireland of a 65km (40 mile) gold trend on which it is targeting a multi-million ounce gold resource within the Clay Lake - Clontibret district. In Finland the Company delineated the largest diamond pipe so far found in Finland.

The Company’s diamond interests in Finland were transferred to Karelian Diamond Resources plc in a share exchange at a ratio of 1 Karelian share for every 6 Conroy Diamonds and Gold plc shares held. Both companies were listed on the AIM market of the London Stock Exchange and the ESM of the Irish Stock Exchange.

The Company’s name was subsequently changed to Conroy Gold and Natural Resources plc (“Conroy Gold”).

Professor Richard Conroy
Chairman

Professor Richard Conroy has been involved in natural resources for many years. He established Trans-International Oil, which was primarily involved in Irish offshore oil exploration. Trans-International Oil initiated the Deminex Consortium which included Deminex, Mobil, Amoco and DSM. Trans-International Oil was merged with Aran Energy plc in 1979, which was later acquired by Statoil.
Professor Conroy founded Conroy Petroleum and Natural Resources P.l.c. (“Conroy Petroleum”). Conroy Petroleum was involved in both onshore and offshore oil production and exploration and also in mineral exploration. Conroy Petroleum, in 1986, made the very significant discovery of the Galmoy zinc deposits in County Kilkenny later developed as a major zinc mine. The discovery at Galmoy led to the revival of the Irish base metal industry and to Ireland becoming an international zinc province.
Conroy Petroleum was also a founding member of the Stoneboy consortium, which included Sumitomo, an exploration group which discovered the world class Pogo gold deposit in Alaska, now in production as a major gold mine.
Conroy Petroleum acquired Atlantic Resources plc in 1992 and subsequently changed its name to ARCON International Resources plc (“ARCON”). The oil and gas interests in ARCON were transferred to form Providence Resources plc. ARCON was later acquired by Lundin Mining Corporation.
Professor Conroy was Chairman and Chief Executive of Conroy Petroleum / ARCON from 1980 to 1994. He founded Conroy Gold and Natural Resources plc in 1995.
Professor Conroy served in the Irish Parliament as a Member of the Senate. He was at various times front bench spokesman for the Government party in the Upper House on Energy, Industry and Commerce, Foreign Affairs and Northern Ireland.
Professor Richard Conroy is Emeritus Professor of Physiology in the Royal College of Surgeons in Ireland. Professor Conroy’s research included pioneering work on jet lag, shift working and decision taking in business after intercontinental flights. He co-authored the first text book on circadian rhythms.

 

Maureen T.A. Jones
Managing Director

Maureen Jones has over twenty years’ experience at senior level in the natural resource sector. She has been Managing Director of Conroy Gold since 1998 and was a founding director of the Company. Also a director of Karelian Diamond Resources, she joined Conroy Petroleum and Natural Resources P.l.c. on its foundation in 1980 and was a director and member of the board of Conroy Petroleum / ARCON from 1986 to 1994. Miss Jones has a medical background and specialised in the radiographic aspects of nuclear medicine before becoming a manager of International Medical Corporation in 1977. Miss Jones is also Company secretary.

 

Professor Garth Earls
Non-executive Director

Garth Earls is Consulting Economic Geologist and Professor in the Department of Geology, University College Cork. He has been a Board Member and Managing Director of both AIM and TSX listed companies and has worked globally on a wide range of gold and base metal projects. In the 1980s he was part of the team that discovered the Curraghinalt gold deposit in Co. Tyrone. He is a former Director of the Geological Survey of Northern Ireland and former Chairman of the Geosciences Committee of the Royal Irish Academy. 

 

Brendan McMorrow
Non-executive Director

Brendan McMorrow has over 25 years’ experience in a number of public companies in the oil and gas and base metals mining sectors listed in London, Toronto and Dublin where he held senior executive finance roles. Most recently he was Chief Financial Officer of Circle Oil plc from 2005 to 2015, an AIM oil and gas development and production company with operations in North Africa and the Middle East where he was responsible for all corporate financial and funding matters. Prior to joining Circle Oil Plc Brendan was Chief Financial Officer / Group Finance Manager of Ivernia Inc from 2001 to 2005, a Toronto listed (TSX) base metals mining company which developed and brought into production the Paroo Station lead mine in Western Australia one of the largest lead carbonate mines in the world at the time. From 1988 to 2001 he was Group Finance Manager of Ivernia West plc, a Dublin listed (ESM) base metals mining company which discovered and brought into production along with Anglo American Plc the world class Lisheen zinc mine in Ireland. Brendan is a business graduate of Sligo Institute of Technology and a Fellow of the Chartered Association of Certified Accountants.

 

Audit Committee:

Brendan McMorrow, Karl Keegan and Garth Earls

The company is not subject to the City Code on Takeovers and Merges but is however subject to the relevant takeover rules of The Irish Takeover Panel, which is the competent authority in Ireland implementing  the Directive on Takeover Bids(2004/25/EC).
 

CONTACT

Address:
Conroy Gold and Natural Resources plc
3300 Lake Drive
Citywest Business Campus
Dublin 24

D24 TD21
Ireland

 

Telephone: +353 1 479 6180

Fax: +353 1 479 6182

E-Mail: info@conroygold.com

Company Secretary and Registered Office
   Maureen Jones 
   3300 Lake Drive
   Citywest Business Campus
   Dublin 24, D24 TD21
   Ireland


Nominated Adviser
   Allenby Capital Limited
   5 St Helen's Place,
   London, EC3A 6AB
   Telephone: +44 (0)20 3328 5656


Broker
   Brandon Hill Capital Ltd
   1 Tudor Street,
   London, EC4Y 0AH
   Telephone: +44 (0)20 3463 5000


Auditors
   Deloitte 
   Chartered Accountants
   Deloitte & Touche House
   Charlotte Quay,
   Limerick

Legal Advisers
   William Fry Solicitors
   2 Grand Canal Square
   Dublin 2
   D02 A342


Roschier, Attorneys Ltd.
Keskuskatu 7A
00100 Helsinki
Finland

Registrars
   Link Asset Services,
   Link Registrars Limited
   2 Grand Canal Square
   Dublin 2, D02 A342 
   Telephone: - +353 (0)1 553 0050
   Fax: - +353 (0)1 224 0700
   www.linkassetservices.com/shareholders/shareholder-services-ireland 

Click here for information on significant shareholders.