CALGARY, Feb. 27, 2013 /CNW/ - Northern Frontier Corp. (formerly Frontier Acquisition Corp.) (TSX-V:
FFF.P) (the "Corporation" or "Northern Frontier") announces today that it has: (i) changed its name to Northern
Frontier Corp. (the "Name Change"); (ii) consolidated its common shares on the basis of fifteen (15)
pre-consolidation shares for one (1) post-consolidation share (the "Consolidation"); and (iii) changed its fiscal year-end from November 30 to December
31 (the "Change in Year-End").
Name Change and Consolidation
The Name Change and Consolidation were approved at a special meeting of
shareholders held on February 15, 2013. The TSX Venture Exchange has
accepted notice of the Name Change and Consolidation and has issued a
bulletin stating that effective at market opening on February 28, 2013,
the pre-Consolidation common shares of the Corporation will be delisted
and the post-Consolidation common share will commence trading under the
new name. The Corporation's trading symbol, FFF.P, will remain
unchanged. On a post-Consolidation basis, there will be approximately
918,533 common shares issued and outstanding.
Letters of transmittal have been sent to registered shareholders of the
Corporation to facilitate distribution of the post-Consolidation common
share certificates. Registered shareholders are asked to complete the
letter of transmittal and return it to Alliance Trust Company along
with their share certificates representing pre-Consolidation common
Change in Year-End
The Change in Year-End was adopted in order for the Corporation to have
the same financial year-end as most reporting issuers in the Canadian
oil and gas services industry. A Notice of Change in Year-End has been
filed via SEDAR and is accessible at www.sedar.com.
For more information on the Corporation, investors should review the
Corporation's continuous disclosure filings that are available at www.sedar.com and the Corporation's website at www.frontieracquisition.com
Neither TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certain statements that constitute
forward-looking statements under applicable securities legislation. All
statements other than statements of historical fact are forward-looking
Any forward-looking statements are only predictions and are based on
current expectations, estimates, projections and assumptions, which the
Corporation believes are reasonable but which may prove to be incorrect
and therefore such forward-looking statements should not be unduly
SOURCE: Northern Frontier Corp.
For further information:
Northern Frontier Corp.
Bradford N. Creswell - President and Director
Phone: (206) 689-5685
Fax: (206) 204-1710