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Frontera Resources completes an equity fund raising initiative


Published Jul 4, 2014
Frontera Resources Corporation

Frontera Resources Corporation has successfully completed an equity fund raising initiative that will support ongoing operations as described in the Company's 27 June 2014 announcement. Gross proceeds of GBP 350,000 have been raised through a subscription (the "Subscription") by Shard Capital Partners LLP of 48,611,111 new ordinary shares of US$0.00004 each in the Company (the "Subscription Shares").

The Subscription Shares will represent approximately 1.85% of the enlarged issued share capital of the Company. Application will be made for admission of the Subscription Shares to trading on AIM (the "Admission"), and it is expected that Admission will become effective at 8.00 a.m. on 8 July 2014.

Tags: Frontera Resources Corporation




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