Frontier Resources International plc

October 22, 2012 08:30 ET

Directors? Grant of Options

                                                                                                22 October 2012
                                     Frontier Resources International Plc
                                         ("Frontier" or the "Company")
                                          Directors' Grant of Options
The Directors of Frontier (PLUS-quoted ticker "FRGP") are pleased to announce that the Company has granted
options over 750,000 ordinary shares of 1p each ("Ordinary Shares") to Mr. Andrew Grosse Andrew joined the
Company as a Non-Executive Director on 1 September 2012.

The terms of these options are

250,000 options vest at the end of year 1
250,000 options vest at the end of year 2
250,000 options vest at the end of year 3

These options are exercisable at a price of 7.5 pence per Ordinary Share for a period of ten years from the
date of grant.

Should Mr. Grosse cease to be a Director of the Company for any reason during the vesting period (3 years),
those options that have vested, if any, are able to be exercised within 6 months of his  departure and any
options that have not vested will be cancelled.

Mr. Grosse is also interested in a total of 5,049,166 Ordinary Shares in Frontier representing 6.69% of the
issued share capital of 75,470,435 Ordinary Shares.

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

For more information on Frontier, please visit:

Enquiries should be addressed to:

Frontier Resources International Plc
Jack Keyes, CEO
Telephone: U.S.A +1 (281) 920 0061

Mr. Graeme Thomson
Telephone: U.K. +44 7930 405 921

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

Contact Information

  • Frontier Resources International plc