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Conroy Gold & Natural Resources PLC - Ireland and Finland-focused gold exploration and development company - Signs agreement ‘with certain past and current directors’ to restructure amounts owed to them into an entitlement. Conrad says 20% of the money owed has been written off, and the remaining 80% will be deferred for four years. After this, repayments will come from commercial production from licence areas in the Orlock Bridge or Skullmartin gold trends, through a net smelter agreement at a rate of 2%. Company also proposes to issue participants with 8.1 million seven-year share options at a 30p exercise price. Says agreement has been signed by directors accounting for €3.4 million, out of approximately €3.5 million in overall liabilities through salaries and directors fees accrued since the year ended May 31, 2012. Chair John Sherman comments: ‘The agreement...is anticipated to help the company attract new investment to advance its ’Discs of Gold’ project. The agreement recognises the value of the work by these directors in discovering two district-scale gold trends and licensing the related targets. It also represents a continuation of their steadfast support...I look forward to securing shareholder support for the agreement.’ Current stock price: 6.47 pence, up 22% on Thursday afternoon in London 12-month change: down 19% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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