Northern Frontier Corp. Announces Increase to Previously Announced Bought Deal Offering and Non-Brokered Private Placement

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[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, Dec. 2, 2013 /CNW/ - Northern Frontier Corp. (TSX-V: FFF) (the\n \"Corporation\" or \"Northern Frontier\") is pleased to announce that it has agreed with Acumen Capital Finance\n Partners Limited, acting on its own behalf and on behalf of GMP\n Securities L.P. (collectively, the \"Underwriters\"), to upsize its previously announced \"bought deal\" public offering of\n units of the Corporation (the \"Units\") to 3,074,000 Units, with each Unit being comprised of one common\n share of the Corporation (a \"Common Share\") and one-half of one Common Share Purchase warrant (each whole\n warrant, a \"Warrant\"), at a price of $3.50 per Unit for aggregate gross proceeds of\n $10,759,000 (the \"Public Offering\"). Each Warrant will entitle the holder to acquire one Common Share (a\n \"Warrant Share\") at a price of $4.00 per Warrant Share on or before March 27, 2015.\n\n\nNorthern Frontier has also agreed to upsize the over-allotment option\n granted to the Underwriters (the \"Over-Allotment Option\") to provide the Underwriters with the option to acquire up to 461,100\n additional Units exercisable on, or for a period of 30 days following,\n the date of closing of the Public Offering to cover over-allotments, if\n any, and for market stabilization purposes.\n\n\nThe Corporation is also pleased to announce a concurrent non-brokered\n offering of up to 42,857 Units (\"Private Placement Units\") on a private placement basis to one or more directors of the\n Corporation.  The Private Placement Units will be issued on the same\n terms as the Units to be issued in connection with the Public Offering\n (the \"Private Placement\").\n\n\nThe net proceeds of the Public Offering and the Private Placement will\n be used by the Corporation to:\n\n\n\nfulfill its customers' demand for the Corporation's services through the\n purchase of additional equipment; and\n\n\nfor general corporate purposes.\n\n\n\nThe Units issued in connection with the Public Offering will be offered\n by way of a short form prospectus to be filed in Alberta, British\n Columbia, Saskatchewan, Manitoba and Ontario and such other provinces\n and territories (excluding Québec) as the Corporation and the\n Underwriters may agree. Closing of the Pub...

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