Frontier Mining Ltd Issue of Equity (4233S)

TIDMFML

RNS Number : 4233S

Frontier Mining Ltd

23 September 2014

FRONTIER MINING LTD

("Frontier" or "the Company")

Issue of Equity

Frontier Mining (AIM:FML), the AIM listed Copper production, exploration and development company focused on Kazakhstan, announces that it has today issued 15,843,295 new ordinary shares of a nominal value of US$0.01 each in Frontier ("Ordinary Shares") as incentive payments to senior management in Frontier.

Application has been made for the 15,843,295 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to occur at 8.00 a.m. on 26 September 2014. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following the issue of the new Ordinary Shares as outlined above, there will be 1,876,757,268 Ordinary Shares in issue. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

As a consequence, the following Ordinary Shares have been issued to the Directors of Frontier:

 
 Director             Number of Ordinary   Resultant interest    Resultant percentage 
                            Shares          in Ordinary Shares    interest in enlarged 
                                                                     share capital 
-------------------  -------------------  --------------------  ---------------------- 
 Yerlan Aliyev (1)             1,124,742           259,808,409                  13.84% 
-------------------  -------------------  --------------------  ---------------------- 
 Randy Eppler                  1,124,742             2,624,742                   0.14% 
-------------------  -------------------  --------------------  ---------------------- 
 Boyd Bishop                   1,124,742             1,912,302                   0.10% 
-------------------  -------------------  --------------------  ---------------------- 
 Yerbulat Tastanov               674,283               674,283                   0.04% 
-------------------  -------------------  --------------------  ---------------------- 
 

(1) includes Mr Aliyev's 33% ownership of Coville Intercorp Ltd, which holds 771,215,000 Ordinary Shares in the Company.

-ENDS-

 
Frontier Mining Ltd 
Yerlan Minavar                Tel: [phone] 
 
Nomad 
Cairn Financial Advisers LLP 
Sandy Jamieson                Tel: [phone] 
 
Broker 
RFC Ambrian 
John Harrison                 Tel: [phone] 
 Stefan Murphy 
 
Walbrook PR and IR 
Paul Cornelius                Tel: [phone] 
Guy McDougall 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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