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Frontier Pacific Acquires Mineral Concessions in Western Brazil
Jun 25, 2008 01:53PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2008) - Frontier Pacific Mining Corporation ("Frontier Pacific" or the "Company") (TSX VENTURE:FRP) is pleased to announce the acquisition of approximately 100,000 hectares contained in 10 mineral concessions located in the Amazonas State on the borders of Brazil and Colombia. The Company is pursuing exploring and, if warranted, developing mineral properties in the area.
As payment for the mineral concessions, 250,000 common shares of the Company will be issued to two Brazilian nationals.
On Behalf of the Board of Directors,
FRONTIER PACIFIC MINING CORPORATION
Peter F. Tegart, P. Geo., President & CEO
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
This news release may contain forward-looking statements that are based on Frontier Pacific expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Frontier Pacific Mining Corporation Peter F. Tegart, P. Geo. President & CEO (604) 717-6488 (604) 717-6427 (FAX) Email: [email protected] Website: www.frontierpacific.com
The TSX Venture Exchange (the "Exchange") has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.