RNS Number:6375A
Conroy Diamonds & Gold PLC
08 July 2004


                          Conroy Dimaonds and Gold plc
       Shareholders Approve De-merger of Diamond Interests Into New Company


At a series of meetings in Dublin this morning, shareholders and optionholders
of Conroy Diamonds and Gold P.l.c. (CDG) approved proposals to de-merge the
company's diamond interests in Finland into a separate entity, Karelian Diamond
Resources plc ("Karelian"). The de-merger will be implemented by way of a Scheme
of Arrangement under the terms of which CDG shareholders will receive one
ordinary fully-paid Karelian share for every six ordinary CDG shares held on the
record date.

High Court approval of the transaction will now be sought.

Karelian intends to apply for admission to AIM at the earliest opportunity.
Brokers to the company are Seymour Pierce.


Further Information:

Professor Richard Conroy
Chairman Conroy Diamonds and Gold Plc
Tel: 00-353-1-661-8958

Ron Marshman/John Greenhalgh
City of London PR Limited
Tel: 020-7628-5518

Visit website at: www.conroydiamondsandgold.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
REGSSIFEASLSEDW
Conroy Diamonds & Gold (LSE:CDG)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Conroy Diamonds & Gold Charts.
Conroy Diamonds & Gold (LSE:CDG)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Conroy Diamonds & Gold Charts.