Frontier Digital Ventures Completes $18.9m SPP
- Frontier Digital Ventures (FDV) completes its share purchase plan (SPP) with applications totalling approximately $18.9 million, significantly higher than the targeted $5 million
- Investors had the opportunity to apply for up to $30,000 worth of shares at $1.50 each with FDV saying it will accept all applications in full
- The SPP follows a recent $35 million placement and takes the company’s gross proceeds raised to approximately $53.9 million
- CEO Shaun Di Gregorio says the company is very grateful for the support shown by shareholders as it continues to execute on its long-term strategy
- Shares have been down 2 per cent trading at $1.46 each
