Company News: Frontier Mining Last Update: 19 Nov 2009
Press Release: Issue of Equity 28-08-09
- Date: 28 Aug 2009
- Category: Standard Release
- Description: Frontier Mining Ltd announces that it has today issued 1,038,203 new ordinary shares to Yorkville Advisors LLC in part settlement of their fee under the Standby Equity Distribution Agreement (“SEDA”) announced on 25 August 2009. The second half of the Yorkville fee will be paid upon first draw-down under the SEDA.
Frontier Mining Ltd, the AIM listed gold and copper exploration and Development Company focused on Kazakhstan, announces that it has today issued 1,038,203 new ordinary shares to orkville Advisors LLC (“Yorkville”), in part settlement of their fee under the Standby Equity Distribution Agreement (“SEDA”) announced on 25 August 2009. The second half of the Yorkville fee will be paid upon first draw-down under the SEDA.
Application has been made for the admission of the new ordinary shares to trade on the AIM market. The new ordinary shares will rank pari passu with the existing ordinary shares of US$0.01 each in the Company and dealings in these new ordinary shares are expected to commence on Thursday 3 September 2009.
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