CALGARY, March 27, 2012 /CNW/ - Frontier Acquisition Corp. (FFF: TSX-V) (the "Corporation") is pleased to announce that it has appointed Rob Hunt as an independent director of the Corporation, subject to regulatory approval.
"We are delighted to have Rob join our Board", commented John Jacobs, Chief Executive Officer of Frontier. "He has tremendous experience, contacts and a long track record of building businesses which we believe will be invaluable to Frontier."
Mr. Hunt is a retired business executive with over 32 years experience in management, senior leadership roles and strategy development with both private and public resource service companies in Canada and the United States. He is currently a director of NorthwesTel, a wholly-owned subsidiary of Bell Canada, and the Telco provider in Canada's three northern Territories and northern British Columbia. Mr. Hunt is also a director and chairman of Golconda Resources Ltd. (TSX-V symbol "GA").
Prior to retiring at the end of 2008, Mr. Hunt was the President and one of the founders of Horizon North Logistics Inc. (TSX-symbol "HNL"). From 1991 to 2005, he was the Senior Vice President of Akita Drilling Ltd. (TSX-symbol "AKT"). Prior to this, from 1985-1990, Mr. Hunt was the Chief Operating Officer for Spartan Drilling Ltd. From 1981-1984, he was the General Manager of Montgomery Drilling Inc. Spartan and Montgomery operated rigs in both Canada and United States. From 1977-1980, Mr. Hunt was Sales Manager for ATCO Structures Ltd. and from 1970-1976, he was Executive Director of Basketball Canada and a professional basketball referee.
Mr. Hunt has also served as a director of non-profit organizations and many different Aboriginal business boards in Western and Northern Canada.
About the Corporation
The Corporation is a capital pool company within the meaning of the policies of the TSX Venture Exchange that has not commenced commercial operations and has no assets other than cash. The board of directors of the Corporation consists of John R. Jacobs, Bradford N. Creswell, Trevor Haynes, Darin R. Coutu, Edward J. Redmond, Don Basnett and Darrell R. Peterson. The officers of the Corporation are John R. Jacobs, Bradford N. Creswell and Lisa M. Mortell. Except as specifically contemplated in the Exchange CPC policy, until the completion of its Qualifying Transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.
Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Corporation expects are forward-looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Corporation, investors should review the Corporation's continuous disclosure filings that are available at www.sedar.com
On behalf of the Board of Directors of Frontier Acquisition Corp.
(signed) "Bradford Creswell"
For further information:
on Frontier Acquisition Corp., please contact:
Frontier Acquisition Corp.
Bradford N. Creswell - President and Director
Phone: (206) 689-5685
Fax: (206) 204-1710