Frontier Resources International Issue of Equity (6697U)
08 April 2016 - 1:49PM
UK Regulatory
TIDMFRI
RNS Number : 6697U
Frontier Resources International
08 April 2016
For immediate release
8 April 2016
Frontier Resources International Plc
("Frontier" or the "Company")
Issue of equity
The Board of Frontier (AIM Ticker: FRI) announces that the
Company has today issued 47,857,593 new Ordinary Shares following
receipt on before 7 April 2016 of valid exercise notices from
holders of 47,857,593 warrants which were issued in February 2016
("Warrants"). The exercise price is 0.03p per new Ordinary Share
and the gross proceeds of exercise amounted in aggregate to
GBP14,357, which provides additional working capital for the
Company.
The new Ordinary Shares will, on issue, rank pari passu with the
existing Ordinary Shares in issue and application will be made for
the new Ordinary Shares to be admitted to trading on AIM. Admission
and trading in the new Ordinary Shares on AIM is expected to
commence on or around 15 April 2016.
The next exercise date is 7 July 2016.
Total voting rights
Following the issue of the new Ordinary Shares, the Company's
issued share capital consists of 5,159,856,649 Ordinary 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 Tel: +44 (0) 7785
Adam Reynolds, Chairman 908158
Beaumont Cornish (Nomad)
Michael Cornish Tel: +44 (0)20 7628
Emily Staples 3396
Beaufort Securities
Limited (Broker) Tel: +44 (0)20 7382
Jon Belliss 8300
A copy of this announcement is available from the Company's
website www.friplc.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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