Frontier Resources International Issue of Equity (0750H)

TIDMFRI

RNS Number : 0750H

Frontier Resources International

26 November 2015

For immediate release

26 November 2015

Frontier Resources International Plc

("Frontier" or the "Company")

Issue of equity

As announced on 16 November 2015, the Company has continued to reduce outstanding creditor accruals by agreeing reduced settlement terms and / or the proposed issue of new Ordinary Shares as payment in lieu of services provided. The Company has therefore today issued 21,528,521 new Ordinary Shares ("New Shares") to service providers and an employee in lieu of approximately GBP35,522 owed in aggregate at an issue price of 0.165p per New Share), being equal to the closing mid-market share price on 25 November 2015.

The New Shares will, on issue, rank pari passu with the existing ordinary shares in issue and application will be made for the New Shares to be admitted to trading on AIM. Admission and trading in the New Shares on AIM is expected to commence on or around 3 December 2015 ("Admission").

Total voting rights

Following the issue of the New Shares, the Company's issued share capital consists of 361,999,056 Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

 
 Frontier Resources 
  International Plc               Tel: +1 (281) 920 
  Jack Keyes, Chief Executive     0061 
  Officer 
 
   Beaumont Cornish (Nomad)       Tel: +44 (0)20 7628 
   Michael Cornish                3396 
   Roland Cornish 
 
   Beaufort Securities            Tel: +44 (0)20 7382 
   Limited (Broker)               8300 
   Zoe Alexander

A copy of this announcement is available from the Company's website www.friplc.com

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 26, 2015 06:12 ET (11:12 GMT)

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