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FORTUNA METALS LTD — Capital/Financing Update 2009
Jan 21, 2009
64952_rns_2009-01-21_25abd278-12e2-4852-9d19-b7b99dbe32d9.pdf
Capital/Financing Update
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ADDRESS PHONE EMAIL PO Box 35 +61 (8) 9295 0388 [email protected] North Perth FAX WEBSITE WA 6906 Australia +61 (8) 9295 3480 www.frontierresources.com.au
ABN 96 095 684 389 ASX : FNT
22 January 2009
ASX Limited Company Announcements Office
Announcement
ENTITLEMENT ISSUE CLOSURE AND NOTICE OF SHORTFALL
Frontier Resources Limited (ASX Code FNT) advises that the recent non-renounceable Entitlements Issue on a 1 for 3 ratio, offering shares at 3.5 cents, with one free option accompanying every New Share allotted Option closed on 20 January 2009. The results of the Entitlement Issue are as follows:
| Total number of shares on offer: | 48,586,431 |
|---|---|
| Total number of shares validly applied | 2,121,738 |
| for: | |
| Number of applications received | 218 |
| Pro-rata shortfall: | 46,464,693 |
| Shortfall applied for to date | 825,408 |
The issue is not underwritten and the Shortfall will be distributed according to the Entitlement Issue Prospectus. The total amount raised from this offer including the Shortfall applied for to date is will be $103,150 before costs.
Chairman Bob McNeil commented “this is a good result for Frontier in the present market and I would like to thank the 218 shareholders who supported their company. The funds raised, plus cash at bank, will allow Frontier to remain a viable company and to continue with a minimal but significant program for 2009.“
FRONTIER RESOURCES LTD
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