Frontera Announces Dividend Reinvestment Plan and Loan to Puerto Bahia

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[{"type":"text","content":"\n\n\n\nFrontera Announces Dividend Reinvestment Plan and Loan to Puerto Bahia\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 18, 2018\n\n\n\nTORONTO, Dec. 18, 2018 /CNW/ - Frontera Energy Corporation (TSX: FEC) (\"Frontera\" or the \"Company\") today announced the option for a Dividend Reinvestment Plan. As initially announced on December 6, 2018, Frontera has now adopted a Dividend Reinvestment Plan (the \"Plan\") effective December 17, 2018 to provide shareholders of Frontera who are resident in Canada (\"Eligible Shareholders\") with the option to have the cash dividends declared on their common shares of Frontera (\"Shares\") reinvested automatically back into additional Shares, without the payment of brokerage commissions or service charges.\nParticipation in the Plan is optional; shareholders of Frontera who do not wish to participate in the Plan will receive a cash dividend. Dividends are payable only as and when declared by Frontera's board of directors.\nComputershare Trust Company of Canada (the \"Agent\") has been appointed as the agent for the Plan. Frontera will pay to the Agent all cash dividends which are to be reinvested on behalf of Eligible Shareholders participating in the Plan and the Agent will then use those funds to purchase additional Shares on behalf of participants. All Shares purchased under the Plan will be newly issued by Frontera from the treasury and purchased at 100% of the average market price of the Shares on the Toronto Stock Exchange (\"TSX\").\nFrontera may from time to time, in its sole discretion, offer a discount of up to 5% of the average market price for Shares purchased under the Plan. At this time, no discount is being offered.\nTo enroll in the Plan, Eligible Shareholders must contact the broker, dealer, bank or other market participant who holds their Shares and complete and submit an enrollment form before 4:00 p.m. (Eastern) on the fifth business day immediately preceding a dividend record d...

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