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Frontera Resources Draws Down Funds For Work Programmes (ALLISS)
LONDON (Alliance News) - Oil and gas company Frontera Resources Corp on Wednesday said it has drawn down GBP532,668 under its standby equity distribution agreement with YA II PN Ltd.
The draw down was undertaken at a price of 0.2594 pence per share per share and will result in the issue of 205.3 million shares.
The funds will be used to advance work programmes and reduce corporate debt, Frontera said.
Shares in Frontera were trading up 13% at 0.1575 pence on Wednesday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest FRR News
- Frontera Resources Gets USD2.7 Million Demand From YA II PN
17 Sep 2018 - Frontera in dispute with Yorkville Adviser fund over loan conerns
17 Sep 2018 - WINNERS & LOSERS SUMMARY: Footasylum Slips After Profit Warning
3 Sep 2018 - Frontera Resources enters into commercial discussions regarding Georgian operations
3 Sep 2018 - Frontera Resources Prepares to Plug And Abandon Ud-2 Well In Georgia
19 Jul 2018 - Frontera Annual Revenue Drops As It Gets Rid Of USD32 Million In Debt
29 Jun 2018 - Frontera Resources Receives USD3 Million Funding For Niko-1 Well
25 May 2018 - Frontera Resources Reveal Sweet Crude Oil From Test Of Dino-2 Well
21 May 2018
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