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Bullboard - Stock Discussion Forum Frontera Energy Corp T.FEC

Alternate Symbol(s):  FECCF

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... see more

TSX:FEC - Post Discussion

Frontera Energy Corp > The amended offer requires resubmission, if already sent
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Post by kcac1 on Sep 28, 2024 12:18pm

The amended offer requires resubmission, if already sent

The costly 52 pages of confusing explaination apparently was too confusing for the attorneys drafting it and proofreading it to get it right. FEC has now had to go to the expnse of rescinding and resending the tender offer. I received in Email last night and likely will be mailed a copies as well. They just further want to confuse the chit out of us.

I agree with W$, I think CC, particularly, Senior Partner Newton Glassman needs money. He has been sued by investors for spending LP partnership money for $10k a night hotel rooms and private jets etc. and I can not see where they have made any cash for some time. There has been no news on their attempt to sell their Gateway Casino chain. It has been for sale for at least a year. I think CC/Glassmon needs their 41% share of the U$30mm = $12,300,000 and they tender shares amounting to that. jmo

Here is what I received yesterday regarding the amended offer:  Just to further confuse everyone.  BE AWARE IF YOU HAVE ALREADY SUBMITTED A TENDER OFFER THAT IT IS BEING CANCELLED AND YOU MUST RESUBMIT:

"We're writing to let you know about an amendment to an offer previously communicated to you.

 

Please be aware the offeror has amended this offer to remove the Odd Lot Preference.  As a result, all holders who have submitted instructions will have their instructions cancelled and must re-submit by the October 16, 2024 cutoff. This applies to holders who submitted odd lot AND non-odd lot instructions.

 

Your securities: 

·Frontera Energy Corporation shares referenced above

Offer type: 

·Tender offer

Who is the offeror: 

·Frontera Energy Corporation

What is being offered: 

·Cash at a price of $12.00 CAD per security, subject to proration

·Please refer to the offering materials for additional details.

Options: 

·Tender: Tender all or a portion of your securities, subject to proration.

·Decline: If you do not wish to participate, no further action is required.

¨Please note: If you instruct to "Decline" the offer, you will not receive reminders for this specific offer. If you do not make any selection, you will receive reminders, if applicable, up until the Schwab cutoff date.

Additional Important relater to this offer: 

·Please refer to the offering materials for details about deemed dividend treatment for tendered securities.  The offeror estimates that on the expiration date of the offer the paid-up capital per share should not be less than $14.98 CAD for purposes of the Tax Act.

Important information about participating in corporate actions:

 

Offering materials: Please review the offering materials in full to ensure you understand the offer before making any decision with respect to your securities. If you have not received these offering materials or if you have questions about the offer, please contact:

·Computershare Investor Services Inc.

¨800-564-6253 (within North America)

¨514-982-7555 (outside North America)

¨corporateactions@computershare.com

Market conditions: Holders are encouraged to monitor the market conditions, prices, and events, as applicable, surrounding the securities involved in the offer. Participating in this offer may or may not be beneficial.

·It is your responsibility to fully understand the offer and the related events/securities to determine if you wish to participate in the offer.

Offer conditions: The offer may be subject to certain conditions, approvals, participation restrictions, and acceptance procedures as described in the offering materials.

 

Changes to the offer: The offeror may have the option to amend, extend, or cancel the offer.

 

Taxes: Holders are encouraged to consult with their own tax advisor regarding any tax implications of participating in the offer.

 

Note: Language and information in this notice is generic. Please review the offering materials (which may have terminology that differs from this notice) to ensure that you fully understand the specific details that apply to the current offer.

 

 

We're writing to let you know about an amendment to an offer previously communicated to you.

 

Please be aware the offeror has amended this offer to remove the Odd Lot Preference.  As a result, all holders who have submitted instructions will have their instructions cancelled and must re-submit by the October 16, 2024 cutoff. This applies to holders who submitted odd lot AND non-odd lot instructions.

 

Your securities: 

·Frontera Energy Corporation shares referenced above

Offer type: 

·Tender offer

Who is the offeror: 

·Frontera Energy Corporation

What is being offered: 

·Cash at a price of $12.00 CAD per security, subject to proration

·Please refer to the offering materials for additional details.

Options: 

·Tender: Tender all or a portion of your securities, subject to proration.

·Decline: If you do not wish to participate, no further action is required.

¨Please note: If you instruct to "Decline" the offer, you will not receive reminders for this specific offer. If you do not make any selection, you will receive reminders, if applicable, up until the Schwab cutoff date.

Additional Important relater to this offer: 

·Please refer to the offering materials for details about deemed dividend treatment for tendered securities.  The offeror estimates that on the expiration date of the offer the paid-up capital per share should not be less than $14.98 CAD for purposes of the Tax Act.

Important information about participating in corporate actions:

 

Offering materials: Please review the offering materials in full to ensure you understand the offer before making any decision with respect to your securities. If you have not received these offering materials or if you have questions about the offer, please contact:

·Computershare Investor Services Inc.

¨800-564-6253 (within North America)

¨514-982-7555 (outside North America)

¨corporateactions@computershare.com

Market conditions: Holders are encouraged to monitor the market conditions, prices, and events, as applicable, surrounding the securities involved in the offer. Participating in this offer may or may not be beneficial.

·It is your responsibility to fully understand the offer and the related events/securities to determine if you wish to participate in the offer.

Offer conditions: The offer may be subject to certain conditions, approvals, participation restrictions, and acceptance procedures as described in the offering materials.

 

Changes to the offer: The offeror may have the option to amend, extend, or cancel the offer.

 

Taxes: Holders are encouraged to consult with their own tax advisor regarding any tax implications of participating in the offer.

 

Note: Language and information in this notice is generic. Please review the offering materials (which may have terminology that differs from this notice) to ensure that you fully understand the specific details that apply to the current offer.

 
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