Houston, Texas, U.S.A. – 25 November 2015
Frontera Resources Corporation
Issue of New Shares
Frontera Resources Corporation (AIM: FRR), an independent oil and gas exploration and production company, today announces the issue of 46,200,000 new ordinary shares in the Company (“New Ordinary Shares”) to YA Global Master SPV Ltd (“Yorkville”) in accordance with the debt repayment schedule under the terms of the SEDA-Backed Loan Agreement entered into with Yorkville (“Loan Agreement”) which was first announced on January 31, 2012. The New Ordinary Shares represent principal and interest due for the period through November 15, 2015.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM, which is anticipated to occur on 30 November 2015 (“Admission”). The New Ordinary Shares represent approximately 1.39 per cent. of the enlarged issued share capital of the Company and will rank pari passu with existing shares of common stock of the Company. Following the Admission, the Company will have 3,324,292,823 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 3,324,292,823 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.
Frontera Resources Corporation:
Vice President, Investor Relations and Corporate Communications
+1 713 585 3216
Cairn Financial Advisers LLP
61 Cheapside, London EC2V 6AX
Avi Robinson / Jo Turner
+44 (0) 20 7148 7900
Cornhill Capital Limited
+44 (0) 207 710 9610
+44 (0) 20 7466 5000