May 23 (Reuters) - Frontier Digital Ventures Ltd FDV.AX :
* FRONTIER DIGITAL VENTURES ANNOUNCES FULLY UNDERWRITTEN 1 FOR 10 PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE GROSS PROCEEDS OF A$14.4 MILLION
* EXPECTED THAT ABOUT 22.2 MILLION NEW SHARES WILL BE ISSUED AS PART OF ENTITLEMENT OFFER