CALGARY,
Dec. 12, 2014 /CNW/ - (TSX-V:
PFC) - PetroFrontier Corp. ("PetroFrontier") announces that all
of the resolutions put forward in the Instrument of Proxy were
passed at its Annual and Special Meeting of shareholders held on
December 10, 2014. The full text of
each resolution is contained in the Management Information
Circular, which is available on SEDAR at www.sedar.com. The
directors re-elected to the Board were Robert Iverach, Earl
Scott, Al Kroontje,
Martin McGoldrick, Michael Hibberd and Kent
Jespersen.
As neither stood for re-election, the Board of
Directors of PetroFrontier would like to recognize and thank Dr.
James Buckee and Donald Rae for their service and valuable
contributions to PetroFrontier as directors over the past few years
and wish them both success in their future endeavors.
About PetroFrontier Corp.
PetroFrontier has been an international oil and
gas exploration company engaged in the exploration, acquisition and
development of both conventional and unconventional petroleum
assets in Australia's Southern
Georgina Basin. PetroFrontier currently has in excess of
$10 million in cash and no debt and
is now focusing its attention on identifying and evaluating a range
of options which could include a recapitalization of PetroFrontier,
a merger or other business combination of PetroFrontier with
another entity or the sale of PetroFrontier as a whole. Included in
PetroFrontier's ongoing evaluation are a number of new oil and gas
exploration and development investment opportunities, all of which
are still in the early stages of review.
PetroFrontier's head office is in Calgary, Alberta and its common shares are
listed for trading on the TSX Venture Exchange under the symbol
"PFC".
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 for
the adequacy or accuracy of this release.
SOURCE PetroFrontier Corp.