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Maiden Resource for Connemara

First Equity Limitied Initiation Note: Earlier this week, Connemara announced a maiden resource on its Stonepark Zinc Project, a landmark event for the Company, the significance and potential of which has been overlooked by the market according to First Equity Limited. Several other positive events have impacted the Connemara story recently, which we examine in this initiation research note. The full statement can be read by clicking here

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Connemara raises £900k to accelerate gold and zinc exploration

Connemara has raised £900,000 through the issue of 21,686,747 new ordinary shares at a price of 4.15p per share, with Metal Tiger plc subscribing for £200,000.  Directors (John Teeling and Jim Finn) have converted outstanding unpaid historic salaries totalling £199,500 into Company equity at the placing price of 4.15p through the issue of 4,807,228 shares.  The Board has been restructuring with Patrick Cullen becoming Executive Director and full-time Chief Executive Officer and John Teeling becoming Non-Executive Chairman, while Michael McNeilly (Chief Executive Officer…

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