Frontier Resources International plc
LSE : FRGP

December 11, 2009 04:00 ET

Issue of Equity

                                                                                           11 December 2009
                                                                                               GB00B3K9ML24

                                   Frontier Resources International Plc

                                       ("Frontier" or the "Company")
                                                     
                                              Issue of Equity
                                                     
The  Directors of Frontier (PLUS-quoted ticker "FRGP") are pleased to announce that the Company has  raised
£251,351  for working capital purposes, through the allotment and, subject to admission to PLUS,  issue  of
4,570,027 new ordinary shares of 1p each ("New Ordinary Shares") at 5.5 pence per share.

Mr  Jack  Keyes, Chief Executive Officer, of Frontier has acquired 454,545 New Ordinary Shares and  is  now
interested  in  a  total  of 23,277,004 ordinary shares, representing 37.84% of the enlarged  issued  share
capital. Mr John O' Donovan, a Non-Executive Director of the Company, acquired 250,000 New Ordinary  Shares
and  is  now interested in a total of 1,500,000 ordinary shares, representing 2.43% of the enlarged  issued
share  capital.  The  shares  owned by John O'Donovan are held in the name of  Harvest  Financial  Services
Limited.

Following  this  issue  of equity, the Directors of Frontier are now interested in a  total  of  25,983,988
ordinary  shares  in  the Company representing 42.24% of the enlarged issued share  capital  of  61,514,306
ordinary shares.

The  following shareholders also subscribed for New Ordinary Shares and  subsequently hold more than 3%  of
the enlarged issued share capital: Mr George Roach acquired 909,091 New Ordinary Shares and his holding  is
now 4,242,424 ordinary shares representing 6.9% of the enlarged issued share capital; these shares are held
in  the name of Coc'roach Limited; Mr Andrew Grosse acquired 545,455 New Ordinary Shares and his holding is
now  4,927,955 ordinary shares representing 8.01% of the enlarged issued share capital; and Ms  Gwen  Darcy
acquired 245,455 New Ordinary Shares and her holding is now 1,912,122 ordinary shares representing 3.01% of
the enlarged issued share capital.

The  Directors  of  Frontier  Resources  International  Plc  are  responsible  for  the  contents  of  this
announcement.

Contact Details:

Frontier Resources International Plc
Jack Keyes
Telephone: +1 (281) 920 0061

Corporate Advisers
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: +44 20 7368 6959

Public Relations
Conduit PR, London
Jonathan Charles
Telephone: +44 20 7429 6611
           +44 (0)7791 892509












Contact Information

  • Frontier Resources International plc