CALGARY, Oct. 29, 2013 /CNW/ - Northern Frontier Corp. (TSX-V: FFF) (the "Corporation") announces that further to the final bulletin issued by the TSX Venture Exchange on October 1, 2013, the Corporation has been reclassified as a Tier 1 issuer.
As a result of the reclassification, the escrow release provisions under the CPC Escrow Agreement entered into among the Corporation, Alliance Trust Company and each of the initial directors and officers of the Corporation and dated January 30, 2012 will be replaced with the following:
|Release Date|| Percentage of Total Escrowed
Securities to be Released
| Total Number of Escrowed Securities
to be Released
|October 1, 2013||25%||61,248|
|April 1, 2014||25%||61,249|
|October 1, 2014||25%||61,249|
|April 1, 2015||25%||61,254|
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Northern Frontier Corp.
For further information:
Northern Frontier Corp.
Chris Yellowega - President and Chief Executive Officer
Monty Balderston - Executive Vice President and Chief Financial Officer