International Frontier Resources Corporation
TSX VENTURE : IFR

International Frontier Resources Corporation

January 31, 2007 14:20 ET

International Frontier Amends Terms Bought-Deal Financing

CALGARY, ALBERTA--(CCNMatthews - Jan. 31, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA U.S. NEWSWIRE SERVICES.

International Frontier Resources Ltd. (TSX VENTURE:IFR) (the "Company") reported today that the Company has amended the terms of it's previously announced bought deal private placement with Canaccord Capital Corporation ("Canaccord" or the "Underwriter"). The Company has agreed to increase the over-allotment granted to the Underwriter to $7,500,000 (6,000,000 units) exercisable forty-eight hours prior to closing. All other terms and conditions of the bought-deal financing as announced in the Company's news release on January 31, 2007 remain as announced by the Company.

Completion of the placement is subject to the approval of the TSX Venture Exchange.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Not for dissemination in the United States or via U.S. newswire services.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • International Frontier Resources Corporation
    Pat Boswell
    President & CEO
    (403) 215-2781
    or
    International Frontier Resources Corporation
    Mark Powell
    VP Exploration
    (403) 215-2783
    Website: www.internationalfrontier.com