Feb 03, 2004
Appointment Of New Director
CALGARY, AB, February 3, 2004 - International Frontier Resources (TSX-V:IFR) (BERLIN:IF9) today announced the appointment of W.J. (Bill) McNaughton CA as a Director of the Company. Mr. McNaughton is a chartered accountant with 30 years experience in the oil & gas industry.
The Company also announced today the issuance of 155,000 stock options exercisable at $0.50 per share for a period of five years expiring on January 26, 2009. The Company has also entered into a private placement with management for the issuance of 60,000 shares at $0.60 per share. The shares issued under the private placement are restricted from trading for a 4 month period. The grant of stock options and the private placement are subject to TSX Venture Exchange approval.
For additional information visit the Company's website at www.internationalfrontier.com or contact:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. The Berlin-Bremen Stock Exchange has not reviewed and does not accept responsibility for the contents of this news release. This news release is not for distribution to US news wire services or for dissemination in the United States and does not constitute an offer of the securities described herein.
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