28 Jul 2015 07:01
Houston, Texas, U.S.A. - 28 July 2015
FRONTERA RESOURCES CORPORATION
("Company")
DIRECTORS' SHAREHOLDINGS
Frontera Resources Corporation (London Stock Exchange, AIM Market - Symbol: FRR), an independent oil and gas exploration and production company, announces that certain of its directors have acquired ordinary shares in the Company ("Ordinary Shares"). Mr. Steve C. Nicandros, Chairman and Chief Executive Officer, Mr. Zaza Mamulaishvili, President and Executive Director and Mr. Stephen E. McGregor, Chief Financial Officer and Executive Director, notified the Company on 27 July 2015 of the purchases of Ordinary Shares from YA Global Master SPV, an investment fund managed by Yorkville Advisors Global LP, as set out below:
Director | Date | Purchase Price | No of shares held prior to acquisition | No. of Shares acquired | No of shares held following acquisition
| % of issued share capital |
Mr. Steve C. Nicandros | 27 July 2015 | 0.8p | 189,485,113
| 11,079,417 | 200,564,530 | 6.12 |
Mr. Zaza Mamulaishvili | 27 July 2015 | 0.8p | 71,453,026
| 11,079,417 | 82,532,443 | 2.52 |
Mr. Stephen E. McGregor | 27 July 2015 | 0.8p | 16,544,292 | 2,014,440 | 18,558,732 | 0.57 |
The issued share capital of the Company is 3,278,092,823 Ordinary Shares.
Enquiries:
Frontera Resources Corporation
Liz Williamson
Vice President, Investor Relations and Corporate Communications
+1 713 585 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