SEDA Draw Down and Issue of Equity

Houston, Texas, U.S.A. – 1 November 2016

Frontera Resources Corporation


SEDA Draw Down and Issue of Equity

Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, today announces that it has drawn down on its previously announced Standby Equity Distribution Agreement (“SEDA”) with YA II PN, Ltd. (formerly as YA Global Master SPV Ltd.) in the amount of £382,550.00 (the “Draw Down”). The Draw Down has been undertaken at a price of £0.000950 per share in accordance with the terms of the SEDA, and will result in the issue of 402,684,211 new ordinary shares of US$0.00004 each in the Company (“New Ordinary Shares”). The funds will be used to advance work programs of the Company.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM, which is anticipated to occur on 4 November 2016 (“Admission”). The New Ordinary Shares will rank pari passu with existing ordinary shares of the Company.

Following Admission, the Company will have 8,350,082,209 ordinary shares in issue with voting rights. The Company does not hold any ordinary shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The aforementioned figure of 8,350,082,209 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the disclosure requirements applicable to the Company.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.


Frontera Resources Corporation
Jesse Jefferies
+1 (713) 585-3216

Financial PR/IR:
George Robinson / Rebecca Clube
+44 (0) 20 7398 7700

Nominated Adviser
Cairn Financial Advisers LLP
+44 (0) 20 7213 0880
Jo Turner/ Liam Murray

Cornhill Capital Limited
Nick Bealer
+44 (0) 207 710 9610