Dec 10, 2007
International Frontier Resources Corporation ("IFR" TSX-V) reported today the issuance of up to 250,000 flow-through common shares at a price of $0.80 per share. The non-brokered private placement is subject to TSX-V approval. The shares issued will be restricted from trading for a 4-month period from the date of stock exchange approval.
The private placement will be a related party transaction within the meaning of the applicable stock exchange policies as directors and officers are participating in the private placement. Proceeds of the offering will be used to incur CEE on the Company's Central Mackenzie Valley, NWT exploration program that is scheduled to commence in January, 2008.
For additional information on the Company visit www.internationalfrontier.com or contact;
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