The next version of Conan is depicted as a mercenary. He's better armored and equipped than the previous versions. I feel like this is how Conan would appear at the beginning of Black Colossus, though it would also fit most of his pirate stories.
He's painted in the same style as the previous Conans, with nothing really making him stand out. He's a pretty nice sculpt, though the sculptor went out of their way to sculpt veins and striations on the muscles. This gives him an extra roided out appearance, rather than the more natural looking musculature of the previous two models. I can't same I'm crazy about this look, and it makes the skin much more time-consuming to highlight. Once it's painted though, it's a nice looking depiction of Conan.