FRONTERA GROUP INC.: M&A transaction — Frontera Group acquires 170 acres in Hidalgo County, TX for $2.5M in seller-financed deal

FRONTERA GROUP INC.

Purchased ~170 acres of ranch land (Ojival II Ranch) in Hidalgo County, Texas for $2.5M.
Seller provided 100% financing via a promissory note with first lien deed of trust.
Property valued at approximately $6M; will be co-developed into residential lots for McAllen area.
Seller also entitled to a net profits interest from future sales under a waterfall structure.
Closing occurred in two stages: partial on April 30, 2023 and final on June 12, 2023.

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 0.9

FRONTERA GROUP INC. completed an acquisition involving Texas G&S Investments, Inc. for $2,500,000 (closed 2023-06-12).

Action: acquisition
Counterparty: Texas G&S Investments, Inc.
Consideration: $2,500,000
Closing: 2023-06-12

Exact text from the filing

whereby the Company agreed to acquire from TGSI approximately 170 acres of ranch land in Hidalgo County, Texas (the “Ojival II Ranch Property”) at a purchase price of $2,500,000. The Ojival II Ranch Property is valued at approximately $6,000,000 and will be co-developed by the Company into residential lots for sale into the burgeoning demand for

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Source: SEC EDGAR

accession 0001549727-23-000021

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