Frontier Resources International plc

June 08, 2012 02:00 ET

Private Placing and Issue of Equity

                                                                                                8 June 2012

                                   Frontier Resources International Plc
                                        ("Frontier" or the "Company")
                                    Private Placing and Issue of Equity
The  Directors  of  Frontier  (PLUS-quoted ticker "FRGP") are pleased to  announce  that  the  Company  has
completed  a  private placing raising GBP436,293 through the issue of 5,817,238 new ordinary shares  of  1p
each  in  the Company ("Ordinary Shares") at a price of 7.5 pence per Ordinary Share. The proceeds will  be
used  towards  the  costs of the Company's proposed application for admission to the  AIM  market  and  for
general working capital purposes.

Mr Michael J. Keyes, CEO of Frontier, subscribed for 666,667 Ordinary Shares in the private placing and now
holds a total of 23,593,671 Ordinary Shares representing 31.26% of the enlarged issued share capital of the

Following this placing, the Company is aware of the following interests representing 3 per cent or more  of
the Company's enlarged issued share capital:

Shareholder                  Number of Ordinary Shares            %

Mr Michael J. Keyes               23,593,671                    31.26
Gardner Energy Corporation        10,406,915                    13.79
BBHISL Nominees Limited            5,780,886                     7.66
Mr Andrew Grosse                   5,049,166                     6.69
Mr Michael Hannan                  3,250,000                     4.31

The  Directors of Frontier are interested in a total of 26,200,665 Ordinary Shares representing  34.72%  of
the enlarged issued share capital of 75,470,435 Ordinary Shares.

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

Contact Details:
Frontier Resources International Plc.
Mr. Graeme Thomson
Telephone: U.K. +44 7930 405 921

Mr. Jack Keyes
Telephone: U.S. +1 (281) 920-0061

Corporate Adviser
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl

Contact Information

  • Frontier Resources International plc