Frontera Announces Successful Completion of Substantial Issuer Bid, Marking Significant Milestone
Calgary, Alberta – July 16, 2025 – Frontera Energy Corporation (TSX: FEC) today announced the successful completion of its substantial issuer bid, a significant undertaking designed to enhance shareholder value and optimize the company’s capital structure. The offer, which expired on July 15, 2025, saw strong participation from eligible shareholders, reflecting confidence in Frontera’s strategic direction and its commitment to delivering returns.
The substantial issuer bid provided shareholders with an opportunity to tender a portion of their common shares for repurchase by Frontera at a specified price. Following the successful conclusion of this initiative, Frontera will have repurchased approximately 8,780,558 common shares, representing about 3.2% of the issued and outstanding shares as of the commencement of the bid. The total purchase price for these shares amounts to CAD $25.0 million.
The repurchased shares will be cancelled, resulting in a reduction in the total number of outstanding shares. This action is expected to have a positive impact on key financial metrics, including earnings per share, and reflects Frontera’s ongoing dedication to disciplined capital allocation.
“We are pleased with the outcome of our substantial issuer bid,” said Frontera’s Chief Executive Officer. “This initiative was a strategic step to return capital to our shareholders and further strengthen our balance sheet. The strong participation underscores the value our shareholders place in Frontera, and we remain committed to executing our growth strategy while maintaining financial discipline.”
Frontera, an independent exploration and production company with operations in Colombia and Peru, continues to focus on its core assets and organic growth opportunities. The company’s management team expresses gratitude to its shareholders for their continued support and trust. Frontera looks forward to continuing its journey of creating sustainable value for all stakeholders.
The results of the substantial issuer bid are detailed in the press release issued by the company today. Further information regarding Frontera Energy Corporation can be found on its website and through its filings with Canadian securities regulatory authorities.
Frontera Announces Completion of Substantial Issuer Bid
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