Frontera Energy Corp T.FEC

Alternate Symbol(s): FECCF

Energy Oil & Gas E&P

Frontera Energy Corporation is a Canada-based oil and gas company. The Company is involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. The Company’s segments include Colombia, Ecuador, Guyana, Midstream Colombia, and Canada & Others. Colombia includes all upstream business activities of exploration and production in Colombia. Ecuador includes all upstream business activities of exploration and production in Ecuador. Guyana includes exploration and infrastructure. Midstream Colombia includes the Company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.

TSX:FEC - Post by User

Frontera Energy Corp

Bullboard Posts

Post by Spicoli420on Nov 13, 2014 2:32pm

250 Views

Post# 23125717

ALFA

Looks like they're ready to buy PRE

October 20, 2014
ALFA announces it will seek shareholder approval for a potential capital increase

Monterrey, N.L., Mexico, October 20, 2014. – ALFA, S.A.B. de C.V. ("ALFA"), one of Mexico’s leading diversified industrial and energy companies, announced today it has called a General Extraordinary Shareholders’ Meeting to approve a potential capital increase through the issuance of new shares to be placed among the investment community. The meeting will take place on November 4, 2014.

Commenting on the announcement, Mr. Armando Garza Sada, ALFA’s Chairman, said: “We intend to capitalize on opportunities created by Mexico’s energy reform and leverage our experience in shale gas, conventional E&P and power generation and commercialization”.

In turn, Mr. Alvaro Fernández Garza, ALFA’s President, added: “The approval of this equity increase will provide us with significant financing flexibility to opportunistically raise capital when we deem it appropriate. We also retain the ability to access other financing options, as we consider future investments.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities to which this communication refers, nor shall there be any sale or offer of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities to which this communication refers may not be offered or sold to the public until the Mexican Banking and Securities Commission authorizes such public offering in accordance with the Mexican Securities Market Law (Ley del Mercado de Valores).
------
ALFA is the largest producer of aluminum engine components for the automotive industry in the world, and one of the world’s largest producers of polyester (PTA, PET and fibers). In addition, it leads the Mexican market in petrochemicals such as polypropylene, expandable polystyrene and caprolactam. It is a leading producer, marketer and distributor of highly recognized branded foods primarily in Mexico, the United States and Europe, as well as a leading company in information technology and communications services for the business segment in Mexico. It also operates natural gas and hydrocarbons businesses in Mexico and the United States. In 2013, ALFA reported revenues of Ps. 203,456 million (U.S. $15.9 billion), and EBITDA of Ps. 24,534 million (U.S. $1.9 billion). Currently, ALFA has manufacturing operations in 23 countries and employs 68,000 people. ALFA’s shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.

Contact:

Enrique Flores
VP Corporate Communications
ALFA, S.A.B. de C.V.
Phone + 52 (81) 8748-1207