Northern Frontier Corp.

Northern Frontier Corp.

June 01, 2015 13:03 ET

Northern Frontier Corp. Announces Grant of Share Options

CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Northern Frontier Corp. (TSX VENTURE:FFF) (the "Corporation") announces that the board of directors (the "Board") has granted the following share options ("Options") to the independent directors of the Corporation:

  • 400,000 Options entitling the holder to acquire up to an aggregate of 400,000 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.

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. The Options were granted in normal course, as part of the Board's annual compensation review.

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.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

    Northern Frontier Corp.
    Monty Balderston
    Executive Vice President and Chief Financial Officer

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