Northern Frontier Corp.
TSX VENTURE : FFF

Northern Frontier Corp.

March 30, 2016 18:42 ET

Northern Frontier Corp. Announces Grant of Share Options and Restricted Share Units

CALGARY, ALBERTA--(Marketwired - March 30, 2016) - Northern Frontier Corp. (TSX VENTURE:FFF) (the "Corporation") announces that its board of directors (the "Board") has granted the following share options ("Options") and restricted share units ("RSUs") to its directors, senior officers and management of the Corporation:

  • 441,500 Options entitling the holder to acquire up to an aggregate of 441,500 common shares of the Corporation (the "Shares") at an exercise price of $0.16 per Share which represents the 10 day trailing volume weighted average price of the Corporation's Shares; and

  • 425,000 RSU's entitling the holder to receive up to an aggregate of 425,000 Shares of the Corporation.

All Options were granted under the Corporation's Option plan, have a five-year term and vest (as to one third of the number of Shares that may be purchased) on the first, second and third anniversaries of the date of grant. All RSU's were granted under the Corporation's RSU plan, and vest (as to one third of the number of Shares that are issued) on the first, second and third anniversaries of the date of grant.

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, excavation, fabrication and maintenance services to the industrial industry, bulk water transfer logistic services and installs and dismantles remote workforce lodging and modular offices in western Canada.

The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "FFF".

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
    587.350.7230
    cyellowega@nfcorp.ca

    Northern Frontier Corp.
    Monty Balderston
    Executive Vice President and Chief Financial Officer
    587.350.7230
    mbalderston@nfcorp.ca

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