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26 November 2015
Frontier Resources International Plc
('Frontier' or the 'Company')
Issue of equity
As announced on 16 November 2015, the Company has continued to reduce outstanding creditor accruals by agreeing reduced settlement terms and / or the proposed issue of new Ordinary Shares as payment in lieu of services provided. The Company has therefore today issued 21,528,521 new Ordinary Shares ('New Shares') to service providers and an employee in lieu of approximately £35,522 owed in aggregate at an issue price of 0.165p per New Share, being equal to the closing mid-market share price on 25 November 2015.
The New Shares will, on issue, rank pari passu with the existing ordinary shares in issue and application will be made for the New Shares to be admitted to trading on AIM. Admission and trading in the New Shares on AIM is expected to commence on or around 3 December 2015 ('Admission').
Total voting rights
Following the issue of the New Shares, the Company's issued share capital consists of 361,999,056 Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Enquiries:
Frontier Resources International Plc
Jack Keyes, Chief Executive Officer
Neil Herbert, Chairman
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Tel: +1 (281) 920 0061
Tel: +44 (0) 020 3475 8108
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Beaumont Cornish (Nomad)
Michael Cornish
Roland Cornish
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Tel: +44 (0)20 7628 3396
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Beaufort Securities Limited (Broker)
Zoe Alexander
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Tel: +44 (0)20 7382 8300
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Frontier Resources Limited
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EXPLORATION STAGE |
CODE : FNT.AX |
ISIN : AU000000FNT5 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Frontier Res. is a lead and zinc development stage company based in Australia. Frontier Res. holds various exploration projects in Australia. Its main exploration properties are MT LIKURUANGA, LEONARD SCHULTZ, BULAGO EL and ANDEWA in Papua New Guinea and SMRV, STORMONT and NARRAWA in Australia. Frontier Res. is listed in Australia. Its market capitalisation is AU$ 1.1 millions as of today (US$ 813 510, € 712 635). Its stock quote reached its highest recent level on February 18, 2011 at AU$ 6.77, and its lowest recent point on March 20, 2020 at AU$ 0.01. Frontier Res. has 70 450 000 shares outstanding. |