Mining firm to raise €4m

Irish mining company, Conroy Gold and Natural Resources is set to raise up to £3.15 million (€3.94m) in additional funding, via a new share placing.

The Dublin-based company — whose ultimate aim is to develop an open-pit gold mine at Clontibret in Co Monaghan — is placing just over 16.15 million new ordinary shares on the market.

At the turn of the year, Conroy was awarded seven new prospecting licences across counties Clare, Tipperary and Kilkenny.