Frontera Copper Corporation

Frontera Copper Corporation

January 15, 2010 17:15 ET

Frontera Copper Receives Series 1 Notes Default Notice

MEXICO CITY, MEXICO--(Marketwire - Jan. 15, 2010) - Frontera Copper Corporation ("Frontera" or the "Company") (TSX:FCC.NT)(TSX:FCC.NT.A) today announced that it received yesterday a formal default notice from CIBC Mellon Trust Company, the Trustee under the Indenture governing the Series 1 Senior Notes. The notice was received as a consequence of the Company's failure to make the December 15, 2009 interest payment on those Notes.

The Company anticipates announcing its proposed restructuring of the Series 1 and Series 2 Notes along with other information on January 18, 2010.

Cautionary Statement on Forward Looking Information

Information in this news release that is not current or historical factual information may constitute forward-looking information or statements within the meaning of applicable securities laws. Such forward looking statements are based on assumptions that the Company's management believes to be reasonable based on available information but forward looking statements are inherently uncertain and need to be read accordingly.

Steve Vanry, Chief Executive Officer

Contact Information

  • Frontera Copper Corporation
    Mark Distler
    (480) 477-6789