Frontier Resources International Completion of subscription and Board changes (3828P)

TIDMFRI

RNS Number : 3828P

Frontier Resources International

17 February 2016

For immediate release

17 February 2016

Frontier Resources International Plc

("Frontier" or the "Company")

Completion of subscription

and Board changes

The Board of Frontier (AIM Ticker: FRI) announces that the direct subscription of 4,750,000,000 new ordinary shares of 0.01p each to raise GBP1,425,000 before expenses (the "Subscription") completed today and the new shares have been admitted to trading on AIM.

In addition, as previously announced, Adam Reynolds has today been appointed to the Board as Chairman of the Company and Jack Keyes and John O'Donovan have ceased to be directors of Frontier.

Total voting rights

Following the issue of the Subscription shares, the Company's issued share capital consists of 5,111,999,056 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

 
 Frontier Resources International 
  Plc                                 Tel: [phone] 
  Adam Reynolds, Chairman 
 Beaumont Cornish (Nomad) 
  Michael Cornish                     Tel: [phone] 
  Emily Staples 
 Beaufort Securities Limited 
  (Broker)                            Tel: [phone] 
  Jon Belliss 
 

A copy of this announcement is available from the Company's website www.friplc.com

APPENDIX

The following information is disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies:

Adam Reynolds, aged 53, has held the following directorships and / or partnerships in the past 5 years:

 
 Current:                      Past: 
----------------------------  --------------------------------------- 
 Ocutec Eyecare Limited        Bcomp 415 Limited 
 Premaitha Health plc          Biolustre UK Ltd 
 Optibiotix Health plc         Wallgate Group plc 
 Autoclenz Group Limited       Wilton International Marketing Limited 
 Hubco Investments plc         Alan Bailey (Studios) Limited 
 Reyco Limited                 Hansard Corporate Limited 
 Medavinci Gold Limited        Chalton Consulting Limited 
 Emotion Fitness Limited       React Group plc 
 Orogen Gold plc               Hub Capital Partners Limited 
 Boldwood Limited              Velvet Consultancy Ltd 
 EKF Diagnostics Holdings      Porta Communications Plc 
  plc 
 Autoclenz Holdings Limited    Diablo Consulting Limited 
 New World Oil & Gas Limited   Bcomp 429 Limited 
 RNR Holdings Limited          Venn Life Sciences Holdings plc 
                               Bcomp 416 Limited 
                               Autoclenz Group Limited 
----------------------------  --------------------------------------- 
 

Wallgate Group plc

Mr Reynolds was appointed as a director of Wallgate Group plc on 3 July 2008 and resigned on 28 November 2008. Wallgate Group plc was put into administration on 12 December 2008 and became subject to creditors' voluntary liquidation on 15 December 2009. The liquidator's statement of receipts of payments to 25 February 2011 showed a creditor shortfall of GBP419,782.12. Wallgate Group plc was subsequently dissolved on 1 June 2011.

Greenhills plc

Mr Reynolds was appointed as a director of Greenhills plc on 22 December 1994. He resigned on 24 January 1996. Greenhills plc was put into receivership on 8 August 1996, and an order to wind the company up was made on 19 February 1997. The receiver's abstract of receipts and payments to 6 July 1998 showed a creditor shortfall of GBP216,877.32. Greenhills plc was subsequently dissolved on 2 January 2001.

Wilton International Marketing Limited

Mr Reynolds was appointed as a director of Wilton International Marketing Limited on 10 June 2005. Wilton International Marketing Limited was put into voluntary liquidation on 14 October 2013 and was subsequently dissolved on 1 August 2014 with no shortfall to creditors.

There is no further information to be disclosed in relation to Mr Reynolds pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 17, 2016 11:34 ET (16:34 GMT)