Northern Frontier Corp. Announces Change to Escrow Release
29 Octubre 2013 - 3:15PM
PR Newswire (Canada)
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.
Copyright 2013 Canada NewsWire
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