PETROFRONTIER CORP. RETAINS GMP SECURITIES L.P.
TO ASSIST IN STRATEGIC REVIEW
Calgary, Alberta – January 14, 2013 (TSX-V: PFC) – PetroFrontier Corp.
(“PetroFrontier” or the “Corporation”) announces, further to its press release dated
December 4, 2012, that it has retained GMP Securities L.P. (“GMP”) as the Corporation’s
exclusive financial advisor. GMP will assist the Corporation in identifying and evaluating
a range of strategic alternatives, which could include a recapitalization of the
Corporation, a merger or other business combination of the Corporation with another
entity or the sale of the Corporation as a whole. Over the past few weeks, the
Corporation has received a number of inquiries, has opened an electronic data room and
has already signed confidentiality agreements with several parties.
PetroFrontier cautions that there are no guarantees that this strategic alternative review
process will result in a transaction or, if a transaction is undertaken, as to its terms or
timing. The Corporation has not set a definitive schedule to complete its evaluation and
does not intend to disclose developments with respect to this process unless and until
the evaluation has been completed or a definitive agreement has been reached, unless
otherwise determined or required by law.
About PetroFrontier Corp.
PetroFrontier is 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, where it has an approximate
85.5% working interest in 14.1 million gross acres. PetroFrontier’s common shares are
listed on the TSX Venture Exchange under the symbol “PFC”. Founded in 2009,
PetroFrontier is one of the first companies to undertake exploration in the Southern
Georgina Basin in Australia’s Northern Territory. PetroFrontier’s head office is based in
Calgary, Alberta and its operations office is in Adelaide, South Australia.
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