Frontier Resources International plc

January 29, 2013 09:30 ET

Issue of Equity

                                                                                            29 January 2013
                                   Frontier Resources International Plc
                                        ("Frontier" or the "Company")
                                              Issue of Equity
On  7  January  2013,  Frontier  Resources  International  Plc,  the  ISDX  Growth  Market  (Ticker:  FRGP)
international oil and gas exploration company with assets in Oman, Namibia and Zambia, announced  that  the
Company had raised GBP140,000 through the issue of 1,750,000 new ordinary shares at 8p per share and that a
further GBP110,000 had been raised through the placing of 1,375,000 new ordinary shares at 8p per share for
settlement by 31 January 2013.

The  Directors are pleased to announce that, due to increased demand, a further 151,300 new ordinary shares
have  been issued  by the Company, such that a total of 1,526,300 new ordinary shares have now been  issued
in the second tranche of the fundraising, raising a total of GBP122,104.

The  proceeds of the fundraising will provide working capital for the Company while it continues to  assess
its immediate Work Programme priorities.

Following  this  issue of ordinary shares, the Directors of Frontier are still interested  in  a  total  of
30,462,937  ordinary  shares  which represents 38.68% of the enlarged issued share  capital  of  78,746,735
ordinary shares.

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

Contact Details:
Frontier Resources International Plc.
Jack Keyes, CEO
Telephone: +1 (281) 920-0061

Ric Piper, Chairman
Telephone: +44 7966 381974

ISDX Corporate Adviser
Peterhouse Corporate Finance Limited
Duncan Vasey and Mark Anwyl
Telephone:+44 (0) 20 7220 9796

Contact Information

  • Frontier Resources International plc