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FORTUNA METALS LTD — Capital/Financing Update 2014
Aug 3, 2014
64952_rns_2014-08-03_6829da2a-6887-4c4b-8a42-f7921ad96118.pdf
Capital/Financing Update
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ADDRESS PHONE EMAIL Office j, Level 2, 1139 Hay Street +61 (08) 9295 0388 [email protected] WEST PERTH WA 6005 WEBSITE Australia www.frontierresources.com.au
ABN: 96095684389
ASX: FNT
ASX ANNOUNCEMENT
4 August 2014
RESULTS OF SHARE PURCHASE PLAN
Frontier Resources Limited (ASX:FNT) is very pleased to advise that the Share Purchase Plan (SPP) announced on 9 July 2014 to raise up to $650,000 at $0.013 per share, closed on Wednesday 30 July with applications for 45,278,757 shares for a total of $588,624.
The Directors wish to thank all shareholders for their support of the issue and the Company.
Final allocation and allotment of SPP shares is expected to be advised by Wednesday, 6 August 2014.
The Shortfall of 4,721,243 SPP shares may be placed at the discretion of the Directors.
Drilling at the Bulago Exploration License to evaluate the Swit Kia high grade Gold Prospect will commence as soon as logistically possible (expected late September).
Sincerely, FRONTIER RESOURCES LTD
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P.A.McNeil, M.Sc., MAIG Chairman and Managing Director