COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:
Frontera Cayman is an international oil and gas company pursuing exploration and production opportunities in emerging markets. The Company's principal administrative offices are in Houston, Texas, U.S.A. and Tbilisi, Georgia.
Specifically, Frontera's strategy is to seek opportunities in known hydrocarbon-bearing basins around the world where historical geopolitical and/or economic situations may have caused significant oil and gas plays to be overlooked or underdeveloped. Being among the first to enter these markets as they change and emerge from these historical situations is a primary objective in order to capture opportunity. Within this strategy, Frontera's current focus is targeted on exploiting a 'Greater Black Sea' initiative, with a primary focus on its core operations in the country of Georgia.
DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):
2,044,325,136 ordinary shares of par value US$0.00004 each ("Ordinary Shares"), to be issued at a price of 4 pence per Ordinary Share.
CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
Placing of 115,678,351 Ordinary Shares at 4 pence per Ordinary Share.
Fundraise of £4.6 million.
Subscription of 53,959,053 Ordinary Shares, calculated at 4 pence per Ordinary Share.
Fundraise of £2.2 million.
Market capitalisation on Admission: £81.8 million, calculated at 4 pence per Ordinary Share issue price.
PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:
FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):
Steve C. Nicandros (President and Chief Executive Officer, Chairman)
Stephen E. McGregor (Executive Director and Chief Financial Officer)
Andrew J. Szescila (Non-executiveDirector)
Luis E. Giusti (Non-executiveDirector)
FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):
Spyros N. Karnessis 30.0%
Kairos Eurasian Fund 6.9%
Steve C. Nicandros 6.4%
DDJ Capital Management 24.1%
Kairos Eurasian Fund 21.6%
Spyros N. Karnessis 10.0%
Steve C. Nicandros 7.7%
Zaza Mamulaishvili 3.5%
NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:
(i) ANTICIPATED ACCOUNTING REFERENCE DATE
(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)
(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
(i) 31 December
(ii) 31 December 2010
(iii) 30 September 2011 (Interim results for the six months ended 30 June 2011)
30 June 2012 (Annual results for the year ended 31 December 2011)
30 September 2012 (Interim results for the six months ended 30 June 2012)
EXPECTED ADMISSION DATE:
2 August 2011
NAME AND ADDRESS OF NOMINATED ADVISER:
Strand Hanson Limited
26 Mount Row
London W1K 3SQ
NAME AND ADDRESS OF BROKERS:
Arbuthnot Securities Limited
20 Ropemaker Street
London EC2Y 9AR
Old Park Lane Capital Plc
49 Berkeley Square
London W1J 5AZ
OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
The admission document containing full details of the applicant and its securities will be available for public inspection for a period of not less than one month from the date of admission at the following location during normal business hours on any weekday (other than Saturdays, Sundays and public holidays):
Lawrence Graham LLP
4 More London Riverside
London SE1 2AU
DATE OF NOTIFICATION:
28 July 2011
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