Conroy Gold and Natural Resources Plans Non-brokered Private Placement

05:06 AM EDT, 07/29/2026 (MT Newswires) -- Conroy Gold and Natural Resources (CGNR.L) plans to raise up to 800,000 pounds sterling in gross proceeds through a non-brokered private placement of shares. The placement targets new and existing investors, with every two share subscriptions entitling the investor to receive one warrant to buy one new share, according to a Wednesday filing from the gold exploration and development company. The warrant will be exercisable for two years at 0.15 pound per share. The fundraise is scheduled to close on Aug. 7. Conroy Gold said it intends to use the net proceeds to advance its Phase 2 drilling program, progress its proposed dual listing on the TSX Venture Exchange, continue efforts to secure asset-level investment, and for general working capital.