REG-Conroy Gold & Natural Resources Plc: Directorate Change

Conroy Gold and Natural ResourcesAnnouncement

20/05/2024 07:15

 

 

 


 

Conroy Gold and Natural Resources plc

(“Conroy Gold” or the “Company”)

 

Appointments of Non-Executive Director and Finance Director

 

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development Company focused on Ireland and Finland, is pleased to announce the
appointments of Marian Moroney as a Non-Executive Director and Cathal Jones as
Finance Director of the Company, both with immediate effect.

 

Marian is a recognised and accomplished leader in the exploration and mining
industry with over 30 years’ experience in exploration, mining, strategic
planning, governance, identifying new business opportunities, joint venture
management and oversight, and mergers and acquisitions. 

 

Marian spent over 20 years with Barrick Gold Corporation in senior roles and
was named as one of Barrick’s inaugural partners in 2015, followed by her
being voted as one of 100 Global Inspirational Women in mining in 2016.  Her
time with Barrick included 5 years as Vice President – New Exploration
Opportunities where she had specific responsibility for identifying, reviewing
and securing new operating districts for Barrick through multiple and
innovative earn-in agreements.

 

Marian led and coordinated a large multidisciplinary team to progress the
Alturas gold deposit through the various exploration stages to establish a
resource base of more than 9Moz of gold and delivered a comprehensive scoping
study document envisaging potential development and production scenarios.

 

She is also a past board member for the Prospectors and Developers Association
of Canada (“PDAC” - 2014-2017) and TSX-V listed Reunion Gold Corporation
(2019-2022) and is a current member of the PDAC Geoscience Committee, Society
Economic Geologists, and Australian Institute of Mining and Metallurgy.

 

Cathal Jones qualified as a chartered accountant with PwC in 1999 and worked
in accountancy practice for over 15 years.  He moved to Deloitte in 2002
where he was a senior manager and Director in the Corporate Finance
department, acting in lead advisory roles primarily in the natural resources
and renewable energy sectors assisting clients with project finance, capital
raising, M&A and overall strategic direction.

 

Cathal joined Ardilaun Energy Limited in 2014 as finance director.  Ardilaun
Energy Limited acquired the Irish oil and gas assets of AIM quoted San Leon
Energy plc in 2014.  He is also a founding director of Dunraven Resources plc
which acquired the Tunisian offshore oil exploration assets of Circle Oil plc
in 2018 (the formerly AIM quoted oil and gas development and production
company).  

 

He is currently the Company Secretary for Conroy Gold and has been working in
a consultancy role with the Company for a number of years assisting with the
preparation of financial statements and other corporate finance matters
including joint venture negotiations. Cathal holds a degree in Law and
Accounting from the University of Limerick and is a Fellow of the Institute of
Chartered Accountants in Ireland.

 

 

Professor Richard Conroy, Chairman, commented:

 

“We are delighted to welcome Marian to the Board as a Non-Executive
Director. Her experience lends itself to the new and exciting stage the
Company is at, in particular her knowledge and experience of leading a team in
the assessment and progression of discovered resource through to production
feasibility.  Her input into the process of selecting our next joint venture
partner and structuring the partnership to best develop the new and
potentially world-class gold districts owed by the Company in Ireland will be
invaluable.”

 

“We are also delighted to welcome Cathal Jones to the Board as Finance
Director. Cathal’s knowledge of the Company as well as his corporate finance
experience will be crucial as the Company moves forward in building on its
extensive and potentially world class discoveries.”

 

The following information is disclosed in accordance with rule 17 and Schedule
2(g) of the AIM Rules for Companies:

 

Marian Anne Moroney (aged 54) holds, or has held in the past 5 years, the
following directorships and partnerships:

 

 Current directorships / partnerships  Former directorships / partnerships within past five years  
 None                                  Reunion Gold Corporation                                    

 

Marian does not hold any shareholding in the Company.


Cathal James Jones (aged 48) holds, or has held in the past 5 years, the
following directorships and partnerships:

 

 Current directorships / partnerships                                                                                                                                                                                                                                                                                                                                                                                                              Former directorships / partnerships within past five years  
 Conroy Gold (Armagh) Limited Conroy Gold (Clontibret) Limited Conroy Gold (Longford Down) Limited Ardilaun Energy Limited Ardilaun Island Holdings Limited Island Oil & Gas Limited Island Expro Limited Island Assets Porcupine Limited Island (Seven Heads) Limited Island Donegal Limited Island Rockall JV Limited Ardilaun Energy Group Designated Activity Company Dunraven Resources Public Limited Company Irish Medical Systems Limited  None                                                        

 

Cathal has a total interest in 208,952 shares in the Company, representing
0.44 per cent. of the Company’s issued share capital.

 

 

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

Peterhouse Capital Limited (Broker) Tel: +44-20-7469-0930

Lucy Williams / Duncan Vasey

Lothbury Financial Services Tel: +44-20-3290-0707

Michael Padley

Hall Communications Tel: +353-1-660-9377

Don Hall

 

Visit the website at: www.conroygold.com

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