(ShareCast News) - Shares in Frontier Resources plunged over 10% on Tuesday, after the oil and gas explorer said it raised additional funds via a share placing. The group, which had placed shares to raise £205,000 on 17 July, raised a further £148,413 after issuing 42.4m shares at 0.35p each. In a
Read more(ShareCast News) - Frontier Resources has raised £205,000 by placing 59.6m new shares at 0.35p each. The funds will act as working capital as the group continues to search for a farm-out of at least one of its prospects in Namibia and the Oman. As of 1130 BST, Frontier was trading 41% lower at 0.44
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