CALGARY, AB, Oct. 18, 2024 /CNW/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") announces the preliminary results of its substantial issuer bid (the "Offer") pursuant to which the Company offered to purchase from shareholders for cancellation up to CAD$40.5 million (equivalent to US$30 million) of its outstanding common shares (the "Shares") at a purchase price of CAD$12.00 per Share. The Offer, as amended by the notice of variation dated September 27, 2024 (the "Notice of Variation"), expired at 5:00 p.m. (Eastern time) on October 17, 2024. All dollar amounts are in Canadian dollars unless otherwise specified.
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