Frontier Resources raises £0.2m with discounted share placing
Frontier Resources has raised £205,000 by placing 59.6m new shares at 0.35p each.
FTSE AIM All-Share
728.67
15:45 15/11/24
n/a
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MyHealthchecked
12.50p
16:55 14/11/24
0.00%
0.00p
Oil & Gas Producers
8,043.72
15:45 15/11/24
1.32%
105.17
The funds will act as working capital as the group continues to search for a farm-out of at least one of its prospects in Namibia and the Oman.
As of 1130 BST, Frontier was trading 41% lower at 0.44p.