Canadian oil company Frontera Energy Corporation will split its stock this year, issues a two-for-one share split on June 26.
The split of the Toronto Stock Exchange-traded company will be facilitated by Frontera transfer agent Computershare Investor Services Inc., which will send all shareholders as of June 26 an additional common share for each one they already hold.
“The Toronto Stock Exchange has determined to implement due bill trading in connection with the share split,” said Frontera Energy in a statement. “Anyone purchasing common shares during the period commencing June 20, 2018, and ending on June 26, 2018, inclusively shall receive a due bill.”
The Toronto-based company’s shares will “commence trading on an ex-distribution basis” on June 27, it stated, with a due bill redemption date of June 28.