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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 To Start Drilling Four Wells At South Kakheti Imminently
21 Mar 2016 - Frontera settles bills with new share issue
25 Feb 2016 - Frontera Resources Issues Shares To Pay USD736,000 Fees (ALLISS)
25 Feb 2016 - Frontera Resources solidifies move into Ukraine
9 Feb 2016 - Frontera Resources Signs MoU With Ukrainian Energy Company Subsidiary
9 Feb 2016 - Frontera Close To Substantial Oil & Gas Production From South Kakheti
14 Jan 2016 - Frontera Resources ups gas-in-place estimate for Georgia complex
23 Dec 2015 - Frontera Resources Upgrades Gas-In-Place Estimate For South Kakheti
23 Dec 2015
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