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FRI.L Share News (FRI)

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Frontier Resources now just a cash shell

Wed, 23rd Mar 2016 15:37

(ShareCast News) - Frontier Resources became an AIM Rule 15 cash shell on Wednesday, having completed the disposal of Frontier Oman Resources and Frontier Resources International.The AIM-traded firm must now make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14, including seeking re-admission as an investing company, within six months.Failing that, the exchange would suspend trading in Frontier's shares.

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