Frontera Resources Corporation, a Houston, Texas U.S.A. based international oil and gas company that has been working in the country of Georgia since 1997, today announced that, on August 3rd, Green Capital and Frontera’s former employee, Zaza Mamulaishvili, issued a fraudulent letter in the press associated with their failed theft of Frontera’s business in Georgia. This letter was issued by their common lawyer, Giorgi Kishmaria, who formally represents both parties. It contained false claims and misrepresentations as to Frontera’s business in the country of Georgia and also attempted to induce U.S. and EU diplomatic support for their fraud.

The statement issued by Green Capital , a suspicious Georgian entity acting in collusion with Zaza Mamulaishvili, a Georgian national and former Frontera employee, is intended to mislead and damage Frontera. The message also attempts to mischaracterize the Government of Georgia as hostile to foreign direct investment from the United States. This statement amounts to tortious interference with Frontera’s business in Georgia and Frontera has taken action in response to this illegal behavior.

Green Capital and Zaza Mamulaishvili are in no way associated with Frontera Resources Corporation and its affiliates. They are not authorized to utilize Frontera’s name and brand. Moreover, they are in no way connected with U.S. interests.

Frontera’s board of directors dismissed Zaza Mamulaishvili from all corporate responsibilities with Frontera in August 2020 and thereafter terminated his employment for cause. Subsequently, Frontera initiated legal action against him in the United States and in Georgia in order to protect and preserve its longstanding business in Georgia.

In this context, on June 11, 2021, Frontera Resources Corporation obtained a Temporary Injunction in the 281st Judicial District Court of Harris County, Texas, USA that, among other things, prohibits Zaza Mamulaishvili and his affiliated company, Green Capital, from 1) converting Frontera’s assets in Georgia, 2) competing with Frontera in any way and 3) conducting any operations associated with Frontera’s holdings in Georgia. This is an extraordinary action by any court in the United States, and Frontera met the burden of proof required to set the order. The court issued this order because it recognized the irreparable harm that would ensue if such an order were not granted and enforced. Accordingly, Zaza Mamulaishvili, Green Capital and their associates must cease and desist from any and all competition with Frontera and its interests. Also, on July 14, Frontera initiated criminal proceedings in Georgia against Zaza Mamulaishvili with the Prosecutor General of Georgia, Mr. Irakli Shotadze, and it intends that Zaza Mamulaishvili and his associates will bear the full criminal responsibility for all wrongdoings against Frontera in Georgia.

Frontera is working closely with the Government of Georgia regarding its return to full operations and is very appreciative of the Government’s constructive support.

Editor Notes:

Founded in 1996 in Houston, Texas U.S.A., Frontera Resources Corporation is a privately held independent Houston-based international oil and gas exploration and production company whose strategy is to identify opportunities and operate in emerging markets in Eastern Europe around the Black Sea and the United States.

(AD)