Frontier Acquisition Corp. schedules special meeting of
shareholders
CALGARY, Jan. 21, 2013 /CNW/ - Frontier Acquisition
Corp. (TSXV: FFF.P) (the "Corporation" or
"Frontier") announced today that a special meeting of the
shareholders of the Corporation (the "Meeting") has been
scheduled for February 15, 2013. A
notice of meeting and supporting documents, including an
information circular (the "Circular") and instrument of
proxy, have been mailed to the shareholders of the Corporation and
filed with applicable securities regulatory authorities in
Canada. Those materials are
available on the SEDAR website, under the Corporation's profile.
The items of business noted in the notice of the Meeting are as
follows:
- to consider and vote on a special resolution approving a
consolidation of the common shares of the Corporation; and
- to consider and vote on a special resolution approving a change
of the name of the Corporation to Northern Frontier Corp.
The Corporation's directors believe that the
share consolidation should have the effect of increasing demand for
its equity in connection with a Qualifying Transaction (as defined
in Policy 2.4 of the TSX Venture Exchange). The share consolidation
will be on the basis of fifteen (15) pre-consolidation shares for
one (1) post-consolidation share, with no fractional shares to be
issued. The Corporation currently has 13,778,001 common
shares issued and outstanding. After the consolidation, there
will be approximately 918,533 common shares issued and
outstanding.
The proposed share consolidation and name change
are subject to the acceptance of the TSX Venture Exchange. If
approved by shareholders, it is expected that the share
consolidation and name change will be implemented after the
Meeting.
For more information on the Corporation,
investors should review the Corporation's continuous disclosure
filings that are available at www.sedar.com and the Corporation's
website at www.frontieracquisition.com
On behalf of the Board of Directors of Frontier
Acquisition Corp.
(signed) "Bradford N. Creswell"
Neither TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Forward-Looking Statements
Forward Looking Information
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.
Any forward-looking statements are only
predictions and are based on 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.
SOURCE Frontier Acquisition Corp.