Frontier Resources now just a cash shell

Frontier Resources became an AIM Rule 15 cash shell on Wednesday, having completed the disposal of Frontier Oman Resources and Frontier Resources International.

The AIM-traded firm must now make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14, including seeking re-admission as an investing company, within six months.

Failing that, the exchange would suspend trading in Frontier’s shares.