The Toronto Stock Exchange reports that Frontera Energy Corp. has made an offer dated Dec. 19, 2024, to purchase up to 3.5 million of its common shares at a purchase price of $12 per share. According to the TSX, the offer will expire at 5 p.m. Toronto time on Jan. 24, 2025, unless the offer is extended, varied or withdrawn.

The TSX notes that if more than 3.5 million shares are tendered for purchase under the offer, the tendered shares will be purchased on a pro rata basis according to the number of shares tendered (or deemed to be tendered) by the tendering shareholders (with adjustments to avoid the purchase of fractional shares, rounding down to the nearest whole number of shares).

To tender to the offer, shareholders must return the letter of transmittal together with share certificates to Computershare Investor Services Inc. at its principal office in Toronto or follow the procedures for book entry transfer as set out in the offer to purchase. Shareholders who hold their shares (uncertificated) through the direct registration system (DRS) held by the company's transfer agent are only required to complete the letter of transmittal and have it delivered to the depositary.

The TSX reports that the notice of guaranteed delivery must be completed and received by the depositary prior to the expiration time. The letter of transmittal along with the shares pertaining to the notice of guaranteed delivery must be received by the depositary before 5 p.m. Toronto time on or before the first trading day on the TSX after the expiration time. Trades on Jan. 24, 2025, will settle on the same day.