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Conroy Diamonds & Gold

  • BY: Andrew Hore |
  • POSTED: 22/04/2010 |

Irish gold explorer Conroy Diamonds & Gold is raising €2.17m (£1.9m) at 4p a share in order to accelerate work on the company’s gold discoveries.

At 4.5p a share, Conroy is currently valued at £6.43m so this is significant share issue. Kenglo One is subscribing for the shares, which will give it a 24.99% stake in Conroy. 

Clontibret, where 1m ounces of gold have been identified, will be the main beneficiary of the cash but some will be spent on the Clay Lake prospect.

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