Frontier Resources raises £0.2m with discounted share placing

(ShareCast News) - Frontier Resources has raised £205,000 by placing 59.6m new shares at 0.35p each.The funds will act as working capital as the group continues to search for a farm-out of at least one of its prospects in Namibia and the Oman.As of 1130 BST, Frontier was trading 41% lower at 0.44p.