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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
- Lower oil prices sees Frontera losses widen
30 Sep 2016 - Frontera Resources Loss Widens As Investments In Georgia Delayed
30 Jun 2016 - Frontera Searches For Funds As It Pays For Services With Equity (ALLISS)
16 May 2016 - Frontera Resources Says South Kakheti Work Progressing
25 Apr 2016 - Frontera Resources Finance Chief McGregor Retires
13 Apr 2016 - Positive progress for Frontera Resources at South Kakheti
7 Apr 2016 - Frontera Stimulates Wells In Georgia Ahead Of Larger Drill Programme (ALLISS)
7 Apr 2016
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