Jun 28, 2011
First Quarter Results
International Frontier Resources Corporation ("IFR" TSX-V) announces financial results for the three month period ended March 31, 2011.
In the first quarter 2011 the Company incurred a net loss of $132,955 ($0.002 per share) versus a net loss of $253,705 ($0.004 per share) at March 31, 2010. Net revenue in Q1-2011 was $136,040 versus Q1-2010 net revenues of $148,920. Cash and cash equivalents at March 31, 2011 were $6,242,540 compared to $3,820,630 at March 31, 2010. At March 31, 2011 and 2010 the company had 59,578,965 common shares outstanding.
The company's first quarter interim condensed consolidated financial statements and management discussion and analysis have been filed on Sedar.
IFR is engaged in the exploration for and development of oil and gas reserves in Glacier County, NW Montana USA and in the Central Mackenzie Valley, Northwest Territories, Canada. For additional information on the company visit www.internationalfrontier.com or contact;
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." This news release includes forward looking statements for which the Company seeks Safe Harbor.
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