23 Mar 2016 12:01
For immediate release
23 March 2016
Frontier Resources International Plc
("Frontier" or the "Company")
Completion of disposals
The Board of Frontier (AIM Ticker: FRI) announces that it has completed today the disposals of Frontier Oman Resources Limited and Frontier Resources International Inc. The Company has become therefore an AIM Rule 15 cash shell, pursuant to which it must make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 (including seeking re-admission as an Investing Company (as defined under the AIM Rules)) within six months, failing which the Exchange will suspend trading in the Ordinary Shares pursuant to AIM Rule 40.
Enquiries:
Frontier Resources International Plc Adam Reynolds, Chairman |
Tel: +44 (0) 7785 908158 |
Beaumont Cornish (Nomad) Michael Cornish Emily Staples |
Tel: +44 (0)20 7628 3396 |
Beaufort Securities Limited (Broker) Jon Belliss
|
Tel: +44 (0)20 7382 8300 |
A copy of this announcement is available from the Company's website www.friplc.com
ENDS