Houston, Texas, U.S.A. – 15 February 2017
FRONTERA RESOURCES CORPORATION
Appointment of Director
Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, is pleased to announce that Stephen McCaughan Hope has been appointed to the board as director of the Company with immediate effect.
Mr. Hope is founder and managing director of Outrider Management, LLC (“Outrider”), a SEC-registered Investment Advisor based in California. Prior to forming Outrider in January 2004, he was a portfolio manager with Dalton Investments, LLC. Mr. Hope is a highly experienced investor in emerging markets, having been doing so for over 20 years. Mr. Hope is also an executive director of Madagascar Oil Limited, an independent international oil and gas company focused on exploration, development and production opportunities in five onshore blocks in Madagascar. From April 2014 to March 2016, Mr. Hope served as director of Jaguar Mining Inc., a Canadian-listed gold mining, development, and exploration company operating in Brazil with three gold mining complexes.
Mr. Hope holds a Bachelor of Arts in Economics from Princeton University.
Outrider Master Fund LP, of which Outrider Management LLC is general partner, holds the majority of the loan notes which were restructured and issued by Frontera International Corporation, a wholly owned subsidiary of the Company, with a maturity date of 1 August 2020. Mr. Hope is managing member of Outrider Management LLC.
Further information pursuant to schedule 2(g) of the AIM Rules is set out below.
Mr. Hope, age 46, holds, or has held in the past five years, the following directorships or partnerships:
Current Held in the past 5 years
Outrider Management LLC Jaguar Mining Inc.
Outrider Onshore LP
Outrider Offshore Ltd
Outrider Master Fund LP
Madagascar Oil Limited
Frontera Resources Corporation
Cairn Financial Advisers LLP
Jo Turner / Liam Murray
+44 (0) 20 7213 0880
Cornhill Capital Limited
+44 (0) 207 710 9610
Rebecca Clube / Jenny Lee
+44 (0) 20 7398 7700