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Conroy Gold confident that placing proceeds will be received

The Irish gold explorer was pledged £250,000 though the placing

Conroy Gold and Natural Resources -
Conroy is exploring in Ireland and Finland

Conroy Gold and Natural Resources PLC (LON:CGNR) is confident it will receive all of the outstanding money from its placing in February after another £50,000 was deposited today.

The Irish gold explorer was pledged £250,000 though the placing but only received £50,000 at the time.

Subsequently, it received a further £50,000 from the placee and with this latest payment is now awaiting the final £100,000.

In a statement, Conroy said: “The board of the company is now increasingly confident that the full amount will be received, although the timing remains uncertain.” 

Brandon Hill Capital arranged the pacing and subscription and remains in regular contact with the place added Conroy.

Quick facts: Conroy Gold and Natural Resources

Price: 31.5 GBX

AIM:CGNR
Market: AIM
Market Cap: £9.72 m
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