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Frontera Resources raises funds with issue of 125m new shares

Wed, 19th Sep 2012 07:56

Frontera Resources, an oil and gas exploration and production company, has raised funds through a drawdown from its previously announced SEDA facility, with the funds being used to advance the company's work programmes.

The drawdown, which raised £624,804, was undertaken at a price of 0.49875p per share, and will result in the issue of just under 125.3m new ordinary shares of $0.00004 each.

The shares will be admitted to AIM around September 25th.

NR

Related Shares: Frontera Resources Corporation (DI) (FRR).

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