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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 Knows Of No Reason For Share Price Rise
13 Feb 2017 - Frontera Resources' Georgia Program Delayed Pending Equipment Delivery
19 Jan 2017 - Frontera Resources predicts greater output despite delay
19 Jan 2017 - Frontera Resources Restructures Disputed Subsidiary Loan Notes
29 Dec 2016 - Frontera Wins Bid For Hydrocarbon Exploration In Republic Of Moldova
16 Nov 2016 - Frontera Resources wins bid to explore hydrocarbons in Moldova
16 Nov 2016 - Frontera Resources begins stimulation in Georgia
24 Oct 2016 - Frontera Upcoming Georgia Campaign To Support Target Production Rates
24 Oct 2016
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