Northern Frontier Corp. Announces Strategic Review Initiative
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 04/18/16 -- Northern Frontier Corp. (TSX VENTURE: FFF) (the "Corporation" or "Northern Frontier") announces that its board of directors (the "Board") has formed a special committee (the "Committee") of independent directors to review strategic alternatives for the Corporation.
Northern Frontier remains focused on improving its operations and will continue to explore and review alternatives to improve its capital structure and liquidity. The review is being conducted by management and overseen by the Committee. The review will consider various options including but not limited to: (i) sale of non-core assets and/or divisions; (ii) further cost reductions; (iii) revenue initiatives; and (iv) refinancing or repayment of debt and the issuance of new debt or equity.
The Corporation does not currently intend to disclose further developments with respect to this review process unless and until the Corporation concludes the review or disclosure is otherwise required by applicable securities laws. There is no certainty that any transaction or alternative will be undertaken or pursued.
About Northern Frontier Corp.
Northern Frontier''s strategic objective is to create a viable business of scale in the industrial and environmental services sectors 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".
Reader Advisory
Forward-Looking Statements
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. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", or the negative of these terms or other comparable terminology.
These statements are only predictions and are based upon 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.
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.
Contacts:
Northern Frontier Corp.
Chris Yellowega
President and Chief Executive Officer
587.350.7230
Northern Frontier Corp.
Monty Balderston
Executive Vice President and Chief Financial Officer
587.350.7230
Northern Frontier Corp.
400, 435 - 4th Avenue SW
Calgary, AB T2P 3A8
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Datum: 18.04.2016 - 15:04 Uhr
Sprache: Deutsch
News-ID 1428779
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