CALGARY, Jan. 21, 2013 /CNW/ - Frontier Acquisition Corp. (TSXV: FFF.P) (the "Corporation" or "Frontier") announced today that a special meeting of the shareholders of the Corporation (the "Meeting") has been scheduled for February 15, 2013. A notice of meeting and supporting documents, including an information circular (the "Circular") and instrument of proxy, have been mailed to the shareholders of the Corporation and filed with applicable securities regulatory authorities in Canada. Those materials are available on the SEDAR website, under the Corporation's profile. The items of business noted in the notice of the Meeting are as follows:
- to consider and vote on a special resolution approving a consolidation of the common shares of the Corporation; and
- to consider and vote on a special resolution approving a change of the name of the Corporation to Northern Frontier Corp.
The Corporation's directors believe that the share consolidation should have the effect of increasing demand for its equity in connection with a Qualifying Transaction (as defined in Policy 2.4 of the TSX Venture Exchange). The share consolidation will be on the basis of fifteen (15) pre-consolidation shares for one (1) post-consolidation share, with no fractional shares to be issued. The Corporation currently has 13,778,001 common shares issued and outstanding. After the consolidation, there will be approximately 918,533 common shares issued and outstanding.
The proposed share consolidation and name change are subject to the acceptance of the TSX Venture Exchange. If approved by shareholders, it is expected that the share consolidation and name change will be implemented after the Meeting.
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
On behalf of the Board of Directors of Frontier Acquisition Corp.
(signed) "Bradford N. Creswell"
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 Information
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: Frontier Acquisition Corp.
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