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IFR International Frontier Resources Corp

0.055
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
International Frontier Resources Corp TSXV:IFR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.055 0.06 14 01:00:00

International Frontier Resources Corporation: NW Montana Mineral Title Purchases Completed

22/01/2013 5:44pm

Marketwired Canada


International Frontier Resources Corporation (the "Company") (TSX VENTURE:IFR)
reported today that Purchase and Sale Agreements have now been completed with
ten Vendors to acquire their Mineral Titles ("Fee Acreage") located in Glacier
County, NW Montana. The Company conducted a title review of the Vendor's acreage
that identified various title defects, as certain title defects were not cured
by the Vendor's the Company reduced the amount of acreage from 22,680 acres to
15,200 acres. The cost to acquire the Fee Acreage was $2.3 million, or $151.87
per acre, versus up to $4.2 million at $186.33 per acre as previously reported
by the Company. 


The Fee Acreage is located in the Alberta Basin Bakken/Exshaw
tight-light-oil-play fairway that stretches 140 miles from Glacier County north
to Clareholm Alberta. To date 175 wells have been licensed and/or drilled on the
play fairway. The most notable discovery is DeeThree Exploration's Bakken light
oil pool in the Ferguson area of SW Alberta. Ferguson is located 13 miles north
of the Montana border, the Company owns Fee Acreage that adjoins the Montana -
Alberta border. 


International Frontier's principle properties are located in the Central
Mackenzie Valley, NWT Canada and in NW Montana USA. The Company's shares are
listed on the TSX-V trading under the symbol IFR.


The Company's web site has been updated it can be viewed at:
www.internationalfrontier.com 


Pat Boswell, President 

The Company seeks Safe Harbor.

FOR FURTHER INFORMATION PLEASE CONTACT: 
International Frontier Resources Corporation
Pat Boswell
President
403-215-2781
www.internationalfrontier.com

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