CALGARY, Oct. 8, 2013 /CNW/ - In accordance with regulatory
requirements, 719502 Alberta Ltd. ("719502") announced that on September 27, 2013 it acquired ownership of
1,428,571 common shares and 714,286 warrants of Northern Frontier Corp.
("NFC") representing 25.8% of the common shares of NFC, after giving effect
to the impact of exercising the warrants. Each warrant entitles the
holder thereof to purchase one common share of NFC at a price of $4.00
per share for a period of 18 months following the acquisition. In
aggregate, 719502 holds 1,428,571 common shares and 714,286 warrants of
NFC. The common shares and warrants of NFC were acquired under NFC's
long-form prospectus offering dated September 4, 2013 for total cash
consideration of $5,000,000.00.
SOURCE: 719502 Alberta Ltd.
For further information:
6526 - 44th Avenue
Ponoka, AB T4J 1J8