19 Sep 2018 07:00
19 September 2018
Frontera Resources Corporation
("Frontera" or "the Company")
Further re: Update
In response to market inquiries with respect to the Company's announcement of 17 September 2018 (the "Announcement"), the Company would like to clarify that it has come to the Company's attention that on 28, 29, 30 August 2018 and 3 September 2018, YA II PN, Ltd. arbitrarily sold 82,077,412 ordinary shares in the Company that have not been authorised, issued and admitted to trading by the Company.
As described in the Announcement, the Company immediately commenced investigation into the facts surrounding these sales to clarify what shares have been sold and why, and its advisers sent the communication to and raised this issue with YA II PN, Ltd.
The Company is continuing to investigate YA II PN Ltd.'s actions in that regard, particularly the above sales and YA II PN, Ltd.'s any other possible unauthorised dealings in shares, and is unable to comment further at this time pending further investigation with its advisers and the receipt of legal advice.
The Company will update the market about the foregoing issue in due course.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Frontera Resources | 001 (713) 585- 3216 |
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Zaza Mamulaishvili |
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info@fronteraresources.com |
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Cairn Financial Advisers LLP | +44 (0) 20 7213 0880 |
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Jo Turner / Liam Murray
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WH Ireland Limited | +44 (0) 20 3411 1880 |
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James Joyce / Alex Bond
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Yellow Jersey | +44 (0) 203 735 8825 |
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Tim Thompson |
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Harriet Jackson |
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Henry Wilkinson |
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Frontera Resources (FRR)