TIDMFRI

RNS Number : 6697U

Frontier Resources International

08 April 2016

For immediate release

8 April 2016

Frontier Resources International Plc

("Frontier" or the "Company")

Issue of equity

The Board of Frontier (AIM Ticker: FRI) announces that the Company has today issued 47,857,593 new Ordinary Shares following receipt on before 7 April 2016 of valid exercise notices from holders of 47,857,593 warrants which were issued in February 2016 ("Warrants"). The exercise price is 0.03p per new Ordinary Share and the gross proceeds of exercise amounted in aggregate to GBP14,357, which provides additional working capital for the Company.

The new Ordinary Shares will, on issue, rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to trading on AIM. Admission and trading in the new Ordinary Shares on AIM is expected to commence on or around 15 April 2016.

The next exercise date is 7 July 2016.

Total voting rights

Following the issue of the new Ordinary Shares, the Company's issued share capital consists of 5,159,856,649 Ordinary 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: +44 (0) 7785 
  Adam Reynolds, Chairman     908158 
 Beaumont Cornish (Nomad) 
  Michael Cornish             Tel: +44 (0)20 7628 
  Emily Staples               3396 
 Beaufort Securities 
  Limited (Broker)            Tel: +44 (0)20 7382 
  Jon Belliss                 8300

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

IOESSAFFAFMSELL

(END) Dow Jones Newswires

April 08, 2016 07:49 ET (11:49 GMT)

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