Frontera Energy Corporation Announces Substantial Issuer Bid

Offer Results in a CAD$0.48 Per Share Distribution or 6.6% Yield

Full and Pro-Rata Shareholder Participation Expected

Frontera Energy Corporation (TSX: FEC) has recently made an exciting announcement regarding a substantial issuer bid (the “Offer”) for its common shares. The offer involves the purchase of up to 3,375,000 Shares at a price of CAD$12.00 per Share, resulting in a distribution of CAD$0.48 per Share or a 6.6% yield to Frontera’s share price prior to the announcement. Assuming full and pro-rata shareholder participation, over US$52 million is expected to be returned to stakeholders in 2024.

The Board of Directors has approved the Offer, which seeks to provide value to shareholders while maintaining a strong financial position for the Company. Additional dividends, share buybacks, distributions, bond buybacks, or other investor initiatives may be considered in the future, demonstrating Frontera’s commitment to maximizing shareholder value.

How This Announcement Will Affect You

As a shareholder of Frontera Energy Corporation, this substantial issuer bid presents an opportunity for you to participate in the Offer and potentially receive a significant return on your investment. By considering the offer and engaging in pro-rata participation, you have the chance to benefit from the distribution of CAD$0.48 per Share or a 6.6% yield. It is important to carefully evaluate the Offer and its implications for your investment portfolio.

How This Announcement Will Affect the World

The announcement of Frontera Energy Corporation’s substantial issuer bid has implications beyond individual shareholders. By returning over US$52 million to stakeholders and considering future investor initiatives, the Company is contributing to the stability and growth of the global financial market. This commitment to enhancing shareholder value reflects positively on the energy sector and broader economic landscape.

Conclusion

In conclusion, Frontera Energy Corporation’s decision to launch a substantial issuer bid is a strategic move aimed at maximizing shareholder value and strengthening the Company’s financial position. The Offer provides an opportunity for shareholders to participate in the distribution of CAD$0.48 per Share or a 6.6% yield, with the potential for additional investor initiatives in the future. As this announcement unfolds, it will shape the experiences of individual shareholders and have a broader impact on the global economic landscape.