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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
- DIRECTOR DEALINGS: Frontera Resources Chief Executive Buys Shares
9 May 2018 - Frontera Resources Encouraged By Georgian Taribani Oil Field Results
8 May 2018 - Frontera Resources Completes Drilling Operations On Dino-2 Well
19 Apr 2018 - Frontera Resources Issues 56.1 Million Shares After Conversion Notice (ALLISS)
4 Apr 2018 - Equipment Begins Move To Frontera Resources' T-45 Well In Georgia
22 Mar 2018 - Frontera Resources Starts Sidetrack Work On Georgia's Dino-2 Well
20 Mar 2018 - Frontera Resources To Move To Dino-2 Well After T-45 Completion
12 Mar 2018 - Frontera Resources knows no reason for share price move
13 Feb 2017
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