Scandoil  

Frontier Resources issues new ordinary shares


Published Feb 8, 2016
Frontier Resources International

The Board of Frontier says that the Company has conditionally issued, though a direct subscription, 4,750,000,000 new ordinary shares of 0.01p each with existing and new investors at a placing price of 0.03p per Subscription Share to raise £1,425,000 before expenses, conditional on admission of the Subscription Shares to trading on AIM.

The proceeds of the Subscription will be used to provide working capital for the Company and to support the investment in new projects. The Board does not intend to provide any further capital to the Company's existing oil exploration projects, the future of which the Board intends to consider following completion of the Subscription.

Tags: Frontier Resources International




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml