Mar 11, 2003
Frontier Announces Private Placement
International Frontier Resources Corporation ("IFR") has entered into a private placement for 1,000,000 units at $0.12 per unit. A unit consists of one common share and one warrant, one warrant entitles the holder to acquire one common share at $0.15 for a period of 180 days from the date of issue. The private placement is subject to Toronto Venture Stock Exchange approval. Proceeds from the offering will be used for the Company's ongoing exploration program in the Northwest Territories and for working capital.
International Frontier is a junior oil and gas company exploring in the Central Mackenzie Valley area of the Northwest Territories. The company holds an interest in four Exploration Licenses and ten Freehold Parcels covering 1.1 million gross acres.
For additional information contact:
Pat Boswell, President & CEO
Phone: 403- 215-2780
Fax: 403- 215-2788
The Toronto Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
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