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Frontera Announces Acceptance of Normal Course Issuer Bid and Automatic Share Purchase Plan
Frontera Announces Acceptance of Normal Course Issuer Bid and Automatic Share Purchase Pla...
About this update from Frontera Energy Corporation
[{"type":"text","content":"\n\n\n\nFrontera Announces Acceptance of Normal Course Issuer Bid and Automatic Share Purchase Plan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 13, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\n\n\nTORONTO, July 13, 2018 /CNW/ - Frontera Energy Corporation (TSX: FEC) (\"Frontera\" or the \"Company\") announces that the Toronto Stock Exchange (the \"TSX\") has accepted its notice of intention to make a normal course issuer bid for its common shares (\"Common Shares\"). The notice provides that Frontera may purchase, during the twelve-month period commencing July 18, 2018 and ending July 17, 2019, up to 3,543,270 Common Shares, representing approximately 3.5% of the Company's 100,011,664 issued and outstanding Common Shares as at July 9, 2018 (the \"NCIB\"). There are no persons acting jointly or in concert with the Company in respect of the NCIB. \n\nIn connection with its NCIB, Frontera has entered into an automatic share purchase plan (the \"Plan\") with its designated broker to facilitate the purchase of Common Shares under the NCIB at times when Frontera would ordinarily not be permitted to purchase its Common Shares due to regulatory restrictions or self-imposed blackout periods. Frontera self-imposes regular blackouts during the period commencing 15 days prior to the release of the Company's quarterly financial results (and 30 days prior to the release of the Company's annual financial results) and ending at the opening of trading on the first business day following public release of such results. Pursuant to the Plan, before entering a blackout period, Frontera may, but is not required to, instruct the designated broker to make purchases under the NCIB based on parameters established by Frontera. Such purchases will be determined by the designated broker based on Frontera's parameters in accordance with the rules of the TSX, applicable securities laws and the terms of the Plan. The Plan has been pre-cleared by the TSX and will be imple...