CGNR Conroy Gold & Natural Resources Plc

 
TIDMCGNR 
 
1 September 2021 
 
                     Conroy Gold and Natural Resources PLC 
                       ("Conroy Gold" or "the Company") 
 
                 UPDATE ON PROPOSED JOINT VENTURE PARTNERSHIP 
 
  * Definitive agreements for proposed joint venture with Demir Export A.S. at 
    an advanced stage 
  * Letter of Intent ("LOI") terms form the basis for the definitive agreements 
  * On completion of final documentation an Extraordinary General Meeting 
    ("EGM") of Conroy Gold is to be held to seek shareholder approval 
 
Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and 
development company focused on Ireland and Finland, is pleased to announce that 
the definitive agreements for the proposed Joint Venture with Demir Export A.S. 
("Demir Export"), on an earn-in basis, over the licences held by Conroy Gold 
along its 65km district scale gold trend in the Longford-Down Massif in Ireland 
have reached an advanced stage. 
 
On completion of documentation an EGM will be held to seek shareholder 
approval.  As agreed by Conroy Gold and Demir Export the terms of the Letter of 
Intent form the basis for the definitive agreements and the two parties 
continue to progress the Joint Venture on terms materially identical to those 
announced on 25 February 2021. 
 
The primary focus of the joint venture project ("Project Inis") is the 
development of the gold deposit within the Clontibret licence to construction 
ready status and bringing it into operation as a gold mine. The parties further 
aim is to have the other licences held by Conroy Gold given the same status one 
after the other. Clontibret is expected to provide the foundation for a 
long-term relationship between the parties. 
 
Professor Richard Conroy, Chairman, commented: 
 
"My colleagues and I look forward very much to working with the Demir Export 
team on the joint venture partnership - Project Inis - and building the 
foundations for a long term, successful relationship. 
 
Demir Export has the mining expertise and the financial resources not only to 
bring the Clontibret gold deposit to construction ready status and into 
operation as a mine, but also to advance the significant gold potential of the 
other licences along the gold trend to the same status. 
 
I look forward to the completion of final documentation and to seeking 
shareholder approval at the subsequent EGM." 
 
For further information please contact: 
 
Conroy Gold and Natural Resources PLC              Tel: +353-1-479-6180 
 
Professor Richard Conroy, Chairman 
 
Allenby Capital Limited (Nomad)                    Tel: +44-20-3328-5656 
 
Nick Athanas/Nick Harriss 
 
First Equity Limited (Broker)                      Tel: +44-20-7330-1883 
 
Jason Robertson 
 
Lothbury Financial Services                        Tel: +44-20-3290-0707 
 
Michael Padley 
 
Hall Communications                                Tel: +353-1-660-9377 
 
Don Hall 
 
 
Visit the Company website at www.conroygold.com 
 
 
 
END 
 
 

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