18 Jun 2015 07:00
Houston, Texas, U.S.A. - 18 June2015
FRONTERA RESOURCES CORPORATION
(the "Company")
Appointment of Director
Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, is pleased to announce that Zaza Mamulaishvili has been appointed to the board as an executive director of the Company with immediate effect.
Mr Mamulaishvili is a co-founder of Frontera Resources Corporation and currently serves as President of the Company. Since the Company's founding in 1997, Mr Mamulaishvili has been General Director of Frontera's business in the Greater Black Sea region where he managed the Company's initial growth. Before co-founding the Company, from 1991 to 1997, Mr Mamulaishvili was founder and President of a privately held company, MTA Ltd, an exporter of Eastern European crude oil and metals to the international market. During this time, he was also founder and chief executive of METEX, a privately held company that focused on metals trading in Russia, Ukraine and European countries. Between 2001 and 2003, Mr Mamulaishvili was the President of the American Chamber of Commerce in Georgia. Mr Mamulaishvili holds a medical degree from Tbilisi State Medical University.
Further information pursuant to schedule 2(g) of the AIM Rules is set out below.
Mr Zaza Mamulaishvili, age 50, holds, or has held in the past five years, the following directorships or partnerships:
Current | Held in the past 5 years |
Frontera Eastern Georgia Limited | None |
Mr Mamulaishvili holds 71,453,026 ordinary shares in the Company, representing 2.18 per cent. of the Company's issued share capital.
Enquiries:
Frontera Resources Corporation
Liz Williamson
Vice President, Investor Relations and Corporate Communications
(713) 585-3216
lwilliamson@fronteraresources.com
Nominated Adviser
Cairn Financial Advisers LLP
61 Cheapside, London EC2V 6AX
Avi Robinson/Jo Turner
+44 (0) 20 7148 7900
Broker
Cornhill Capital Limited
Nick Bealer / Stefan Olivier
+44 (0) 207 710 9610
Financial PR
Buchanan
Helen Chan
+44 (0) 20 7466 5000
helenc@buchanan.uk.com