Frontier Energy: Completes $10m placement to accelerate Bristol Springs development

Frontier Energy Completes $10m placement to accelerate Bristol Springs development

• Frontier Energy (FHE) completes a $10 million placement to accelerate the development of its Bristol Springs Green Hydrogen Project in southwest WA
• The placement issued approximately 22.8 million shares to institutional investors in two tranches at an issue price of 42 cents per share
• The company confirms Executive Chair Grant Davey subscribed for $1 million
• Funds from the placement will be used to advance the project, including early works and developing a hydrogen refuelling station
• Shares in FrontierEnergy end the day 2.27 per cent in the green to close at 45 cents