Northern Frontier Corp.
TSX VENTURE : FFF

Northern Frontier Corp.

July 31, 2015 09:03 ET

Northern Frontier Corp. Announces Closing of Acquisition of Black Diamond Group's Construction Services Operation

CALGARY, ALBERTA--(Marketwired - July 31, 2015) - Northern Frontier Corp. (TSX VENTURE:FFF) (the "Corporation" or "Northern Frontier") is pleased to announce that it has successfully completed the acquisition of the construction services operation ("Construction Services") operated indirectly by Black Diamond Group Limited ("Black Diamond Group") as detailed in its news release dated July 15, 2015.

The Construction Services operation installs and dismantles remote workforce lodging and modular offices and carries out related tasks in the Western Canadian marketplace. Chris Yellowega, President and CEO, stated "we are very excited to add this operation to Northern Frontier's product offering under the banner of Northern Frontier Facilities LP and have already received expressions of interest for our services outside of Black Diamond Group that we intend to aggressively pursue".

Reader Advisory

Forward-Looking Statements

This news release includes certain statements that constitute forward-looking statements under applicable securities legislation. All statements other than statements of historical fact are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", or the negative of these terms or other comparable terminology. These forward-looking statements include, among other things, statements in respect of:

  • anticipated benefits of completing the Transaction;
  • expectations of future financial performance of the Corporation; and
  • the diversification and expansion of the Corporation's operations.

These statements are only predictions and are based upon current expectations, estimates, projections and assumptions, which the Corporation believes are reasonable but which may prove to be incorrect and therefore such forward-looking statements should not be unduly relied upon. In making such forward-looking statements, assumptions have been made regarding, among other things, industry activity, the state of financial markets, business conditions, continued availability of capital and financing, future oil and natural gas prices. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

By its nature, forward-looking information involves numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur. These risks and uncertainties include: that the Corporation's financial performance does not transpire as expected; and regulatory changes. Investors are cautioned that forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Corporation has no obligation to update any forward-looking statements set out in this news release, except as required by applicable law.

About Northern Frontier Corp.

Northern Frontier's strategic objective is to create a large industrial and environmental services business through a buy and build growth strategy. Currently, the Corporation provides civil construction and excavation services to the industrial industry, bulk water transfer logistic services and, with the acquisition of Construction Services, installs and dismantles remote workforce lodging and modular offices in western Canada.

The Corporation's common shares and common share purchase warrants are listed on the TSX Venture Exchange under the trading symbol "FFF" and "FFF.WT.A", respectively.

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.

Contact Information

  • Northern Frontier Corp.
    Chris Yellowega
    President and Chief Executive Officer
    587.293.7230
    cyellowega@nfcorp.ca

    Northern Frontier Corp.
    Monty Balderston
    Executive Vice President and Chief Financial Officer
    587.293.7230
    mbalderston@nfcorp.ca

    Northern Frontier Corp.
    400, 435 - 4th Avenue SW
    Calgary, AB T2P 3A8
    www.nfcorp.ca