Frontier Acquisition Corp. (FFF_P.V: Quote) announced that Chris Yellowega and Monty Balderston have agreed to join Frontier. Yellowega will be appointed President and Chief Executive Officer of Frontier and Balderston will be appointed Executive Vice President and Chief Financial Officer of Frontier on closing of the Corporation's qualifying transaction whereby Frontier will acquire all of the issued and outstanding shares of the Tuccaro Group entities concurrent with a brokered prospectus offering of subscription receipts on a "commercially reasonable efforts" basis for aggregate gross proceeds of approximately $90 million as previously announced on August 1, 2012.
On completion of the Transaction, John Jacobs, Chief Executive Officer of the company, Brad Creswell, President of the company and Lisa Mortell, officer of the company, will resign as officers of the Corporation simultaneously with Yellowega's and Balderston's appointments. Jacobs and Creswell will continue to be Board members of Frontier providing strategic direction and oversight to Frontier, the company said.
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by RTT Staff Writer
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