Kinjal to acquire Mexican gas assets via IFR reverse takeover, backed by $37M financing and $30M debt facility

Kinjal Corporation plans a reverse takeover (RTO) of International Frontier Resources (IFR) to focus on developing natural gas assets in Mexico, including acquiring interests in four fields with growth potential from 5,000 to 14,000 BOEPD. The deal, subject to regulatory and shareholder approvals, includes a $37 million private placement and a $30 million debt facility to fund acquisitions, notably the Misión Field, Mexico's largest private gas field. Kinjal aims to boost production and support Mexico's energy security, with a seasoned management team leading the expansion. The transaction will create a new listed entity, Kinjal Gas Ltd., on the TSX Venture Exchange, pending final approvals.