The Irish exploration companies, Conroy Diamonds and Gold plc (“Conroy”) and Karelian Diamond Resources plc (“Karelian”), will commence trading today [Monday] on IEX, the Irish Stock Exchange’s specialist market for smaller growth companies.
The admission of Conroy and Karelian to IEX increases the number of companies trading on the IEX market to 27.
Deirdre Somers, Chief Executive of the Irish Stock Exchange, said: “We are delighted to welcome Conroy Diamonds and Gold plc and Karelian Diamond Resources plc to IEX. It is encouraging to see Irish companies seeking opportunities to grow their businesses in these challenging economic times. The euro trading facility available from the Irish Stock Exchange will provide an opportunity for these companies to attract more euro based investors.”
Professor Richard Conroy, Chairman of both companies, said: “Admission to IEX is a positive step for Conroy Diamonds and Gold plc and Karelian Diamond Resources plc. The addition of a euro quotation on IEX will facilitate trading in the shares from both Irish and international investors who choose to trade in euro. We expect to expand our investor base as a result of this move to IEX.”
Exchange member firm, Goodbody Stockbrokers, will ensure ongoing pricing in the shares of Conroy and Karelian, by acting as market makers and quoting bid and offer prices on ISE Xetra, the Exchange’s electronic order book, during the trading day. IBI Corporate Finance will act as IEX Advisor to both Conroy and Karelian.