ISS Proxy Advisory Services and Glass Lewis & Co. Recommend Fronteer Shareholders Vote in Favour of Plan of Arrangement With New
March 17 2011 - 5:30PM
Marketwired
Fronteer Gold Inc. (TSX: FRG)(NYSE Amex: FRG) ("Fronteer Gold")
announced today that ISS Proxy Advisory Services (formerly
Riskmetrics, "ISS") and Glass Lewis & Co. ("Glass Lewis"),
leading providers of proxy research who provide advice and voting
recommendations to many larger financial institutions, have each
published a report recommending that their subscribers vote "FOR"
the resolution approving the plan of arrangement pursuant to which
Newmont Mining Corporation will indirectly acquire all of the
issued and outstanding common shares of Fronteer Gold (the
"Arrangement"). ISS and Glass Lewis have also recommended that
their subscribers vote "FOR" the resolution approving the Pilot
Gold Inc. stock option plan (the "Option Plan").
"We welcome the positive recommendations in favour of the plan
of arrangement and Pilot Gold stock option plan from independent
sources including ISS and Glass Lewis," said Mark O'Dea, President
and CEO of Fronteer Gold.
A Special Meeting of the shareholders and optionholders of
Fronteer Gold will be held at the offices of Davies Ward Phillips
& Vineberg LLP in Toronto at 10:00 a.m. (Toronto time) on
Wednesday, March 30, 2011 to consider the proposed Arrangement and
Option Plan. Fronteer Gold's board of directors unanimously
recommends a vote "FOR" the Arrangement and the Option Plan.
Shareholders are urged to carefully read the management
information circular mailed to them in connection with the proposed
Arrangement and Option Plan. Proxies must be received no later than
10:00 a.m. (Toronto time) on March 28, 2011. Shareholders who have
questions regarding the contents of the information circular or
require assistance in completing their proxy forms are urged to
contact Fronteer Gold or Fronteer Gold's proxy solicitation agent,
Georgeson Shareholder Communications Canada Inc., (toll-free within
Canada or the U.S.) at 1-866-374-9664 or 1-781-575-2168 (for calls
outside Canada and the U.S.).
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to, those with respect to
potential expansion of mineralization, potential size of
mineralized zone, potential type of mining operation and timing and
size of exploration and development programs involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievement of Fronteer Gold to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks related to
the actual results of current exploration activities, conclusions
of economic evaluations, uncertainty in the estimation of ore
reserves and mineral resources, changes in project parameters as
plans continue to be refined, future prices of gold and silver,
environmental risks and hazards, increased infrastructure and/or
operating costs, labor and employment matters, and government
regulation and permitting requirements as well as those factors
discussed in the section entitled "Risk Factors" in Fronteer Gold's
Annual Information form and Fronteer Gold's latest Form 40-F on
file with the United States Securities and Exchange Commission in
Washington, D.C. Although Fronteer Gold has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Fronteer Gold disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Accordingly, readers should not place undue reliance on
forward-looking statements.
Contacts: Fronteer Gold Inc. Mark O'Dea President & CEO
604-632-4677 or Toll Free 1-877-632-4677 Fronteer Gold Inc. Sean
Tetzlaff CFO, VP Finance & Corporate Secretary 604-632-4677 or
Toll Free 1-877-632-4677 Fronteer Gold Inc. Patrick Reid Senior
Director, Institutional Marketing 604-632-4677 or Toll Free
1-877-632-4677 info@fronteergold.com www.fronteergold.com
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