PetroFrontier Corp. appointed GMP Securities L.P. as exclusive financial adviser to assist in the strategic alternative review. The alternatives include a recapitalization of PetroFrontier, a merger or other business combination of PetroFrontier with another entity or the sale of PetroFrontier as a whole.

PetroFrontier does not guarantees that the strategic review will result in a transaction and it has not yet set a definitive schedule to complete its evaluation.