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FORTUNA METALS LTD — Capital/Financing Update 2011
May 3, 2011
64952_rns_2011-05-03_6b26cab2-0417-4a65-a971-7570f5cc179a.pdf
Capital/Financing Update
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ABN96095684389
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ADDRESS PHONE EMAIL PO Box 35 +61 (08) 9295 0388 [email protected] NORTH PERTH WA 6906 FAX WEBSITE Australia +61 (08) 9295 3480 www.frontierresources.com.au
ASX:FNT
Announcements Office ASX Announcement
4th May 2011
RESULT OF SHARE PURCHASE PLAN - $7,366,715.29 RAISED
Directors are pleased to announce that $5,605,985.27 was raised from the Share Purchase Plan (SPP). As stated in the terms and conditions the 24,373,849 shares will be allotted 6/5/11 and an appendix 3y announced.
An additional $1,760,730.02 has been received via Placements from Sophisticated Investors at the same terms as the SPP plus the exercise of 750,000 employee options. A total of 8,274,914 shares will also be allotted.
The total raised to date is $7,366,715.29.
Frontier will finalise a second batch of placements in a week.
Directors wish to thank all shareholders for their support of the issue and the Company.
An update on Andewa and Tasmania exploration will be released as soon as possible.
Sincerely
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Peter McNeil M.Sc Chairman & Managing Director