Frontera Provides Preliminary Update on Substantial Issuer Bid
Calgary, AB – July 11, 2025 – Frontera Energy Corporation (“Frontera” or the “Company”) today shared preliminary results concerning its substantial issuer bid (the “Bid”). The Bid, which commenced on May 15, 2025, and concluded on July 9, 2025, offered shareholders the opportunity to tender common shares of Frontera for cancellation at a price of CAD $15.50 per share, payable in cash.
The preliminary figures indicate a significant response from Frontera’s shareholders, with a substantial number of shares being tendered in acceptance of the Bid. This demonstrates a positive reception to the offer presented by the Company.
Frontera is currently undertaking the process of validating the tendered shares and will provide a more comprehensive announcement regarding the final results of the Bid in the coming days. This will include details on the number of shares accepted for purchase and the aggregate amount of cash to be paid to participating shareholders.
The substantial issuer bid forms part of Frontera’s ongoing strategy to enhance shareholder value and optimize its capital structure. The Company remains committed to its operational objectives and its focus on delivering strong results.
This preliminary announcement is intended to provide shareholders with an early indication of the Bid’s progress. Further details will be communicated once the validation process is complete. Shareholders who participated in the Bid are encouraged to await the final results announcement.
Frontera Announces Preliminary Results of Substantial Issuer Bid
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