FEC is getting very close on acquiring CGX Energy now that they’ve established a 19 million dollar loan deal with CGX Energy. FEC will have the option to convert the loan into shares, which represents “9.28% of the currently issued and outstanding common shares of CGX.”

If FEC decides to convert their loan into CGX shares, FEC will control more than 80% of CGX Energy.

Fun times ahead!

source: https://ceo.ca/@newswire/frontera-and-cgx-announce-19-million-loan-agreement