FRONTERA GROUP INC.: M&A transaction — Frontera Group closes $6.5M acquisition of 11-acre Texas property with seller financing

FRONTERA GROUP INC.

Acquired 11.02 acres in San Juan, Hidalgo County, TX for $6,500,000 on June 12, 2023.
Seller TGSI provided 100% financing via a $6,500,000 promissory note with first lien deed of trust.
Frontera entered a Net Profits Agreement granting TGSI a share of future sale proceeds.
Company assigned all lease benefits to TGSI under an Assignment of Leases and Rents agreement.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

FRONTERA GROUP INC. completed an acquisition involving Texas G&S Investments, Inc. for $6,500,000 (closed 2023-06-12).

Action: acquisition
Counterparty: Texas G&S Investments, Inc.
Consideration: $6,500,000
Closing: 2023-06-12

Exact text from the filing

Effective June 12, 2023 all closing conditions were deemed finally satisfied and the Company closed the purchase at a purchase price of $6,500,000

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Source: SEC EDGAR

accession 0001549727-23-000017

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