TORONTO, Dec. 20, 2018 /CNW/ - CGX Energy Inc. (TSXV:
OYL) ("CGX") and Frontera Energy Corporation (TSX: FEC)
("Frontera") announced today that, further to their news
release of December 17, 2018, CGX has
issued 5,714,285 common shares in the capital of the Company (the
"Shares") to Frontera to settle a total of US$1.2 million in debt. For further details on
this transaction, please see our December
17 press release.
All of the Shares are subject to a statutory hold period
expiring on April 21, 2019 in
accordance with applicable securities legislation.
About CGX Energy:
CGX Energy is a Canadian-based oil and gas exploration
company focused on the exploration of oil in the Guyana- Suriname Basin.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.
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 Latin
America. The Company has a diversified portfolio of assets
with interests in more than 30 exploration and production blocks in
Colombia and Peru. 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".
If you would like to receive News Releases via e-mail as soon
as they are published, please subscribe here:
http://fronteraenergy.mediaroom.com/subscribe.
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SOURCE Frontera Energy Corporation