International Frontier Resources Corporation

International Frontier Resources Corporation

November 14, 2007 10:00 ET

International Frontier Resources Corporation: Company Extends Term of Warrants

CALGARY, ALBERTA--(Marketwire - Nov. 14, 2007) - International Frontier Resources Corporation (TSX VENTURE:IFR) reported today that it had made an application to the TSX Venture Exchange to extend for a period of 90 days the expiry date of warrants issued under a brokered private placement which closed February 22, 2007. Under the placement the Company issued 12,400,000 share purchase warrants to purchase 6,200,000 shares at a warrant exercise price of $1.60 for a period of one year from closing - expiry date February 22, 2008. The Company has requested an extension of the expiry date to May 22, 2008. The extension, if approved by the TSX-V, will provide warrant holders with the benefit of knowing results of two wells in the Northwest Territories and two wells in the North Sea, UKCS. The exercise price will remain the same at $1.60. None of the warrants issued under the placement has been exercised and none of the warrants are held by directors, officers or insiders of the Company. The application for the extension of time 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.

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
    International Frontier Resources Corporation
    Mark Powell
    VP Exploration
    (403) 215-2783