PrimaryBid Facilitates £3.5m Fundraise for Frontera Resources Corporation (FRR)

Posted on

FRR Successful Fundraise via PrimaryBid

PrimaryBid, the leading online funding platform that enables investors to gain access to equity capital raises of listed companies, is pleased to announce the successful completion of the Fundraise for Frontera Resources Corporation.  The company has raised gross proceeds of £3,500,000 through the Fundraising, comprising of £2,500,000 raised via the Offer on PrimaryBid and £1,000,000 via a subscription by Zaza Mamulaishvili, a director of the Company.

The Offer was on a “first come, first served” basis, and was closed early at approximately 6:45 p.m. on Wednesday, 4 October 2017, after attracting significant demand

Zaza Mamulaishvili, President and CEO of Frontera Resources Corporation, commented:

We are delighted to have used PrimaryBid’s innovative platform that allowed private investors who have supported us in the past, to gain access to this Offer.”

Dave Mutton, COO of PrimaryBid, said:

“This Offer received unprecedented demand and was closed less than two hours after launch.  We are delighted to have facilitated such a popular Fundraise and deliver such a great result in such a short period of time. It is also very encouraging to see how smoothly our innovative Fintech platform coped with the demand.”

For full details of the successful offer, please refer to the Company RNS announcement