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 shares.
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 statements.
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 relied upon.
SOURCE: Northern Frontier Corp.
For further information:
Northern Frontier Corp.
Bradford N. Creswell - President and Director
Phone: (206) 689-5685
Fax: (206) 204-1710