TORONTO, May 16, 2019 /PRNewswire/ - Frontera Energy
Corporation (TSX: FEC) ("Frontera" or the "Company"),
today announced it has made an amendment to the terms of the
proposed amended and restated shareholder rights plan agreement
(the "Plan") to be presented for approval at the annual and
special meeting of Shareholders of the Company scheduled to be held
on May 29, 2019.
The Company has amended the definition of "Independent
Shareholders" in the Plan to clarify that any Person who pursuant
to the definition of "Beneficial Owner" is not deemed to
Beneficially Own the Voting Shares of the Company held by such
Person is not excluded from the definition of "Independent
Shareholders".
The amendment was made in response to a report issued by
Institutional Shareholder Services Inc., a proxy voting advisory
and corporate governance services firm.
The revised version of the amended and restated Plan will be
available on the Company's website at
www.fronteraenergy.ca and on SEDAR at www.sedar.com.
About Frontera:
Frontera Energy Corporation is a Canadian public company
and a leading explorer and producer of crude oil and natural gas,
with operations focused in South America. The Company has a
diversified portfolio of assets with interests in more than 30
exploration and production blocks. The Company's strategy is
focused on sustainable growth in production and reserves. Frontera
is committed to conducting business safely, in a socially and
environmentally responsible manner. Frontera's common shares trade
on the Toronto Stock Exchange under the ticker symbol
"FEC".
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SOURCE Frontera Energy Corporation