Short Term Convertible Note Issue of Equity

Houston, Texas, U.S.A. – 8 June 2017

Frontera Resources Corporation


Short Term Convertible Note Issue of Equity

Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, today announces the issue of 323,529,410 new ordinary shares of the Company (“New Ordinary Shares”), which is being undertaken pursuant to the previously announced short-term convertible loan note entered into with the consortium of financial institutions as described in the Circular and Notice of AGM posted to the shareholders on 18 June 2017 (“Circular”) and pursuant to the resolutions taken at the Company’s Annual General Meeting held on 5 June 2017.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM, which is anticipated to occur on 12 June 2017 (“Admission”). The New Ordinary Shares will rank pari passu with existing ordinary shares of the Company.

Following Admission, the Company will have 9,165,534,393 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 9,165,534,393 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

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

Broker – Cornhill Capital Limited
Nick Bealer
+44 (0) 20 3700 2512

Financial PR – Abchurch
Jenny Lee / Vera Prokhorenko
+44 (0) 207 398 7700