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Frontier Energy Limited ( (AU:FHE) ) has provided an announcement.
Frontier Energy Limited has lodged a transaction-specific prospectus to issue a total of 23,000,004 new options, comprising 15,000,004 options to unrelated placement participants and 8,000,000 options to director Grant Davey or his nominees, on the same terms as the unrelated investors. The director tranche is subject to shareholder approval at a forthcoming general meeting, and the company stresses that the options are speculative securities offered only in permitted jurisdictions, with the document intended to be read alongside Frontier’s existing continuous disclosure record as a listed disclosing entity.
The most recent analyst rating on (AU:FHE) stock is a Sell with a A$0.22 price target. To see the full list of analyst forecasts on Frontier Energy Limited stock, see the AU:FHE Stock Forecast page.
More about Frontier Energy Limited
Average Trading Volume: 211,644
Technical Sentiment Signal: Sell
Current Market Cap: A$123M
Find detailed analytics on FHE stock on TipRanks’ Stock Analysis page.