17th Jul 2015 06:59
LONDON (Alliance News) - Frontier Resources International PLC said Friday that it has raised GBP205,000 through the placing of 58.6 million new shares at a price of 0.35 pence.
Shares in the company closed at 0.725 pence Thursday.
The funds will be used to provide working capital for the company as it continues to seek a farm-out of one or more of its projects in the Oman and Namibia, Frontier Resources said.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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