Conroy Diamonds and Gold has raised over €2.17m through a subscription of 47.6 million new shares at 4 pence per share.
The subscriber is Kenglo One, a privately owned company which has extensive interests and expertise in the global mining industry. It is owned by Baccata Trustees.
The company says the proceeds of the the move will go towards funding its ongoing programmes at Clontibret, in Co Monaghan, the recently discovered large gold anomaly at the Clay Lake prospect in Co Armagh, and for general working capital.
