Brief: Petrofrontier announces asset acquisition in Alberta

PetroFrontier

01/06/2016 14:00

June 1 (Reuters) - Petrofrontier Corp  PFC.V  : 
    * Petrofrontier Corp says Petrofrontier will pay to Kasten 
an aggregate of approximately $17.49 million as consideration 
    * Deal for issuance of 70 million common shares of 
petrofrontier at a deemed value of $0.157 per share,  payment of 
$3.5 million in cash 
    * Deal also includes  issuance by petrofrontier of a secured 
debenture in amount of $3 million in favor of kasten 
    * Petrofrontier corp. Announces major resource property 
asset acquisition in Alberta 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCCN2wMW4y 
Further company coverage:  PFC.V  
 
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