Apr 18, 2013
IFR Announces 2012 year-end Financial Results
International Frontier Resources Corporation ("IFR" or the "Company") today reported its financial results for the year ended December 31, 2012.
The Company recorded a consolidated net loss for the year ended December 31, 2012 of $575,440 ($0.01 per share) as compared to a consolidated net loss of $673,340 ($0.01 per share) at December 31, 2011. In 2012 oil revenue, net of royalties, was $752,390 compared to $770,850 in 2011. At December 31, 2012 cash and cash equivalents were $3,456,380 and working capital was positive $3,018,180.
The Company's audited financial statements and accompanying Management Discussion and Analysis can be found on SEDAR and also on the Company's website.
International Frontier's oil & gas projects are located in the Sahtu region of the Northwest Territories, Canada and in Glacier County, N.W. Montana. The Company's shares are listed on the TSX Venture Exchange trading under the symbol IFR.
For further information on the Company please visit www.internationalfrontier.com or contact:
Pat Boswell - President
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility or accuracy of this release". The Company seeks Safe Harbor.
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