Frontera Resources Corporation has granted shares of Common Stock to the Company’s Chairman and Chief Executive Officer as listed below. The shares were granted based on a price of 16.75 pence, the closing price on the AIM market on October 1, 2009.
Director
Number of shares of Common Stock granted
Number of shared of Common Stock held following this transaction
Steve C. Nicandros, Chairman and Chief Executive Officer
1,068,750
8,688,672
This grant was issued in lieu of compensation.
Pursuant to the grant of these new shares, application has been made for the admission of 1,068,750 shares of Common Stock for trading on AIM. Following this issue, the enlarged issued share capital of the Company is 131,415,173 shares of Common Stock (excluding 5,739,855 shares held as treasury stock). The new shares, which were granted on October 1, 2009, are expected to be admitted to trading on October 8, 2009 and will rank pari passu with the existing shares.
In addition to the share grant, the Company also granted stock options to the Company’s Chairman and Chief Executive Officer, as listed below.
Director
Amount
Exercise Price
Vesting Date
Expiry Date
Steve C. Nicandros, Chairman and Chief Executive Officer
