BRIEF-Northern Frontier Corp announces strategic review initiative

Mon Apr 18, 2016 5:36pm EDT
 
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April 18 (Reuters) - Northern Frontier Corp :

* Northern Frontier Corp announces strategic review initiative

* Will continue to explore and review alternatives to improve its capital structure and liquidity

* Formed a special committee of independent directors to review strategic alternatives for corporation

* Review is being conducted by management and overseen by committee

* Will consider various options including but not limited to sale of non-core assets and/or divisions

* Review will consider refinancing or repayment of debt and issuance of new debt or equity

* Will consider further cost reductions Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)