Frontera Resources raises funds with issue of 125m new shares
Frontera Resources, an oil and gas exploration and production company, has raised funds through a drawdown from its previously announced SEDA facility, with the funds being used to advance the company's work programmes.
Frontera Resources, an oil and gas exploration and production company, has raised funds through a drawdown from its previously announced SEDA facility, with the funds being used to advance the company's work programmes.
The drawdown, which raised £624,804, was undertaken at a price of 0.49875p per share, and will result in the issue of just under 125.3m new ordinary shares of $0.00004 each.
The shares will be admitted to AIM around September 25th.
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