Conroy Gold and Natural Resources plc said it had received £43,750 following notices to exercise warrants over a total of 125,000 ordinary shares of €0.001 each (ordinary shares) at an exercise price of 35 pence per ordinary share (warrant shares).
The warrants (financing warrants) were issued as part of the fundraising announced by the company on 11 August 2020.
In accordance with the terms of the fundraising announced on 11 August 2020, Conroy issued additional warrants to the warrant holders who have exercised warrants. The warrant holders have been issued with warrants to subscribe for 125,000 new ordinary shares in the company at a price of 100 pence per ordinary share (super warrants). The super warrants expire on 11 August 2022.