Mr. Tony Kinnon reports
IFR ANNOUNCES STOCK OPTION GRANT
Subject to regulatory approval, International Frontier Resources Corp. has granted, pursuant to its incentive stock option plan, 2.25 million stock options to purchase common shares to directors, officers and consultants of International Frontier, with an exercise price of five cents per share and an expiry date of July 31, 2029. All of the options granted vest immediately.
The company relied on Section 5.5(b) of Multilateral Instrument 61-101 as the exemption from the formal valuation requirements of MI 61-101. The company relied on Section 5.7(a) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101.
About International Frontier Resources Corp.
International Frontier is a Canadian publicly traded corporation with a demonstrated record of advancing oil and gas projects. Through its Mexican subsidiary, Petro Frontera SAPI de CV (Frontera), and strategic joint ventures, it is advancing the development of petroleum and natural gas assets in Mexico. International Frontier also has projects in Canada and the United States, including the Northwest Territories and Montana.
International Frontier's shares are listed on the TSX Venture Exchange, trading under the symbol IFR.
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