Northern Frontier Corp. Announces Change to Escrow Release

CALGARY, Oct. 29, 2013 /CNW/ - Northern Frontier Corp. (TSX-V: FFF) (the "Corporation") announces that further to the final bulletin issued by the TSX Venture Exchange on October 1, 2013, the Corporation has been reclassified as a Tier 1 issuer.

As a result of the reclassification, the escrow release provisions under the CPC Escrow Agreement entered into among the Corporation, Alliance Trust Company and each of the initial directors and officers of the Corporation and dated January 30, 2012 will be replaced with the following:

Release Date Percentage of Total Escrowed
Securities to be Released
Total Number of Escrowed Securities
to be Released
October 1, 2013 25% 61,248
April 1, 2014 25% 61,249
October 1, 2014 25% 61,249
April 1, 2015 25% 61,254

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE: Northern Frontier Corp.

For further information:

Northern Frontier Corp.
Chris Yellowega - President and Chief Executive Officer
Phone: 403.880.9511
Email: cyellowega@nfcorp.ca 


or -

Monty Balderston - Executive Vice President and Chief Financial Officer
Phone: 403.874.7408
Email: mbalderston@nfcorp.ca

Profil de l'entreprise

Northern Frontier Corp.

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