Frontera Energy announces that it intends to implement a normal course issuer bid for its common shares. The NCIB will be made in accordance with the policies of the Toronto Stock Exchange and the commencement of purchases under the NCIB is subject to approval of the TSX. Under the NCIB, Frontera intends to purchase, during a 12 month period, up to 3,543,270 Common Shares, representing approximately 3.5% of the Company's [...]
TORONTO, July 9, 2018 /CNW/ - Frontera Energy Corp. today announced that, effective July 6, 2018, it has terminated its agreement to purchase 36.36% of Pacific Midstream Limited . Frontera elected to terminate its share sale agreement with the International Finance Corporation and related funds to purchase the IFC's 36.36% stake in PML , which had an acquisition price of $225 million. As a result of the termination, the [...]
TORONTO, June 25, 2018 /CNW/ - Frontera Energy Corp. , announced today that it completed its previously announced offering of U.S.$350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended . Certain proceeds from the offering were used to repurchase, at a premium, the Company's U.S.$250 million 10.0% senior secured notes [...]
Frontera Energy Corp. today announced that it had received, as of 5:00 p.m. New York City time, on June 15, tenders and consents from holders of U.S.$250 million of its outstanding 10.0% Senior Secured Notes due 2021, pursuant to its previously announced cash tender offer and consent solicitation made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated [...]
/STATES/ TORONTO, June 20, 2018 /CNW/ - Frontera Energy Corp. , announced today that it has successfully priced an offering of U.S.$350 million in senior unsecured notes due 2023 at a coupon rate of 9.70% pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, , with closing expected to occur on or about June 25, 2018. However, there can be no assurances that the issuance and sale of the [...]
TORONTO, June 11, 2018 /CNW/ - Frontera Energy Corp. announces a two-for-one share split of the Company's issued and outstanding common shares . The record date of the Share Split will be June 21, 2018 at the close of business. Frontera's transfer agent, Computershare Investor Services Inc. , will send shareholders of record one additional common share for every share held on June 26, 2018. No action is required to be [...]
Frontera Energy today announced that it is commencing a cash tender offer and consent solicitation for any and all of its outstanding 10.0% Senior Secured Notes due 2021 , upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated as of June 4, 2018 and the related Letter of Transmittal. The Offer will expire at 11:59 p.m., New York City time, on June 29, 2018 [...]
/STATES/ TORONTO, June 4, 2018 /CNW/ - Frontera Energy Corp. , announces that it intends to commence an offering of up to U.S.$500 million principal amount of unsecured senior notes due 2023 pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended . The proceeds from the offering will be used to repurchase, at a premium, our U.S.$250 million 10.0% senior secured notes due 2021 pursuant to a [...]
TORONTO, June 4, 2018 /CNW/ - Frontera Energy Corp. announces an operational update for the second quarter and a U.S.$30.46 million loan to Sociedad Portuaria Puerto Bahia S.A. . OPERATIONAL UPDATE Colombia Frontera continues its active drilling program with six drilling rigs operating continuously in the first two months of the second quarter of 2018, with three active in the Quifa heavy oil area, two on the light [...]
TORONTO, May 31, 2018 /CNW/ - Frontera Energy Corp. today held its annual general and special meeting of shareholders , where each of the six nominees proposed as directors and listed in the Company's management proxy circular dated April 20, 2018 were elected as directors. A total of 31,071,757 common shares were voted in respect of the election of directors at the Meeting, representing 62.14% of the votes attaching to [...]
TORONTO, May 22, 2018 /CNW/ - Frontera Energy Corp. today announced the closing of a U.S.$100 million revolving letter of credit facility arranged by Itaú Corpbanca Colombia S.A., Citibank N.A., JPMorgan Chase Bank, N.A., HSBC Mexico, S.A., Institución de Banca Multiple, Grupo Financiero HSBC and Bank of America Merrill Lynch , funds of which, will be used to provide letters of credit to fund exploration and [...]
High Impact Acorazado-1 Exploration Well Drilling TORONTO, May 10, 2018 /CNW/ - Frontera Energy Corp. announced today the release of its consolidated financial statements for the first quarter of 2018, together with its management, discussion and analysis . These documents will be posted on the Company's website at www.fronteraenergy.ca and SEDAR at www.sedar.com. All values in this news release and the Company's [...]
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