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