Northern Frontier Corp.
TSX VENTURE : FFF

Northern Frontier Corp.

February 19, 2015 08:30 ET

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

CALGARY, ALBERTA--(Marketwired - Feb. 18, 2015) - 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 senior officers and management of the Corporation:

  • 166,000 Options entitling the holder to acquire up to an aggregate of 166,000 common shares of the Corporation (the "Shares") at an exercise price of $0.51 per Share which represents the 10 day volume weighted average price of the Corporation's Shares; and

  • 181,000 RSU's entitling the holder to receive up to an aggregate of 181,000 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 and excavation services to the industrial industry, primarily in the in situ Oilsands region south of Fort McMurray, Alberta and bulk water and fluids transfer logistic services 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", 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
    587.350.7232
    cyellowega@nfcorp.ca

    Northern Frontier Corp.
    Monty Balderston
    Executive Vice President and Chief Financial Officer
    587.350.7231
    mbalderston@nfcorp.ca

    Northern Frontier Corp.
    400, 435 - 4th Avenue SW
    Calgary, AB T2P 1H4
    www.nfcorp.ca