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FORTUNA METALS LTD — Capital/Financing Update 2018
Jun 18, 2018
64952_rns_2018-06-18_a972f4e9-9e5d-491a-b0c9-ad9498b26507.pdf
Capital/Financing Update
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ADDRESS PHONE EMAIL Unit 5, Ground Floor +61 (8) 9486 4036 [email protected] 1 Centro Ave, Subiaco ABN WEBSITE WA, 6005 Australia 96 095 684 389 www.frontierresources.com.au
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ASX: FNT
Market Announcements Platform
19 June 2018
Allotment of Securities
Frontier Resources Limited ( Frontier ) advises it has issued an additional 5,625,000 fully paid ordinary shares at $0.016 cents per share to Forise Investment Sydney Pty Ltd ( Forise ) in satisfaction of a $90,000 working capital loan received from Forise ( Loan Shares ). The Loan Shares have been issued pursuant to the Company’s existing placement capacity under Listing Rule 7.1.
An Appendix 3B, New Issue Announcement accompanies this announcement.
For additional information relating Frontier and our projects, please visit the website at www.frontierresources.com.au.
FRONTIER RESOURCES LTD
Paige McNeil, B.Ed,GradDipEd(Trng&Dev),GradDipACG,FGIA,GAICD,FAIM
Non-Executive Chairman
BACKGROUND:
Frontier Resources Ltd is focussed on mineral exploration in highly prospective Papua New Guinea (PNG). The Company is targeting copper+/- gold +/-molybdenum porphyries and intrusive related epithermal gold deposits on its Exploration Licences (Els), plus 2 significant EL Applications. Continued exploration and drilling is strongly warranted. The Papuan Fold Belt contains Frontier’s Bulago and Muller ELs and the Ok Tedi porphyry copper-gold Mine (located 80km WNW of Bulago), Porgera intrusive/ epithermal related gold Mine (120km east of Bulago) and Kili Teke porphyry copper-gold Deposit (50km east of Bulago).