CALGARY, Dec. 12, 2014 /CNW/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that all of the resolutions put forward in the Instrument of Proxy were passed at its Annual and Special Meeting of shareholders held on December 10, 2014. The full text of each resolution is contained in the Management Information Circular, which is available on SEDAR at www.sedar.com. The directors re-elected to the Board were Robert Iverach, Earl Scott, Al Kroontje, Martin McGoldrick, Michael Hibberd and Kent Jespersen.
As neither stood for re-election, the Board of Directors of PetroFrontier would like to recognize and thank Dr. James Buckee and Donald Rae for their service and valuable contributions to PetroFrontier as directors over the past few years and wish them both success in their future endeavors.
About PetroFrontier Corp.
PetroFrontier has been an international oil and gas exploration company engaged in the exploration, acquisition and development of both conventional and unconventional petroleum assets in Australia's Southern Georgina Basin. PetroFrontier currently has in excess of $10 million in cash and no debt and is now focusing its attention on identifying and evaluating a range of options which could include a recapitalization of PetroFrontier, a merger or other business combination of PetroFrontier with another entity or the sale of PetroFrontier as a whole. Included in PetroFrontier's ongoing evaluation are a number of new oil and gas exploration and development investment opportunities, all of which are still in the early stages of review.
PetroFrontier's head office is in Calgary, Alberta and its common shares are listed for trading on the TSX Venture Exchange under the symbol "PFC".
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 release.
SOURCE: PetroFrontier Corp.
For further information: Earl Scott, President and CEO, or Shane Kozak, Vice President Finance and CFO, PetroFrontier Corp., Suite 520, 1011 1st Street SW, Calgary, Alberta, Canada T2R 1J2, Telephone: (403) 718-0366, Fax: (403) 718-3888, Email: [email protected], Website: www.petrofrontier.com