January 07, 2013 02:00 ET
7 January 2013
Frontier Resources International Plc
("Frontier" or the "Company")
Issue of Equity and Board Appointment
Issue of Equity
On 21 December 2012, Frontier Resources International Plc, the ISDX Growth Market (Ticker: FRGP)
international oil and gas exploration company with assets in Oman, Namibia and Zambia, announced, inter
alia, that the Company was in the process of raising up to GBP250,000 through the issue of new ordinary
shares at a price of 8 pence per share.
Further to that announcement, the Directors are pleased to announce that the Company has today raised
GBP140,000 through the issue of 1,750,000 new ordinary shares at 8p per share and that a further GBP110,000
has been raised through the placing of 1,375,000 new ordinary shares at 8p per share for settlement by 31
The proceeds of the fundraising will provide working capital for the Company while it continues to assess
its immediate Work Programme priorities.
Frontier is also pleased to announce that Mr. Gavin Bonnar has joined the Board of the Company as a Non-
Executive Director with immediate effect.
Mr. Bonnar, Barrrister-at-Law, qualified in Northern Ireland and is called to the bar in the Republic of
Ireland. He has over 20 years' experience in the legal profession specialising in media, libel and privacy.
He has also attained experience in financing smaller capitalised resource companies and has spent over ten
years working on the ground in Africa.
Mr. Bonnar currently serves on the Board of the Niall Mellon Township Trust charity ("NMTT"), an Irish
based charity supported by Nelson Mandela and Archbishop Tutu. He has raised funds with Archbishop Tutu in
the U.S. Congress. By the end of 2012, NMTT has housed around 100,000 poor South Africans and built some
20,000 homes for people living in shacks. NMTT is undertaking its first build programme in the Republic of
Congo and Kenya. As a result Gavin has built a strong network of contacts all over the continent. Mr.
Bonnar is a past winner of the Archbishop Desmond Tutu Medal for Compassion.
Mr. Bonnar was a Partner of GMB Properties LLP from 29 January 2008 until the Company was dissolved on 7
Mr Bonnar is interested in 320,000 Ordinary Shares in Frontier representing 0.42% of the issued share
capital of the Company.
Save as disclosed above, no additional information relating to Mr. Bonnar falls to be disclosed pursuant to
Rule 71 and paragraph 18 of Appendix 1 of the ISDX Growth Market - Rules for Issuers.
Frontier's CEO Jack Keyes said: 'We are delighted to have an individual on the Board with the broad based
African experience and contacts of Mr. Bonnar, not to mention his legal experience. We look forward to
working with Gavin as we expand the Company's African operations".
The Directors of Frontier are responsible for the contents of this announcement.
Frontier Resources International Plc.
Jack Keyes, CEO
Telephone: +1 (281) 920-0061
Ric Piper, Chairman
Telephone: +44 7966 381974
ISDX Corporate Adviser
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Telephone: +44 20 7368 6959
Frontier Resources International plc
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