VANCOUVER – FRONTEER DEVELOPMENT GROUP is launching AURORA ENERGY RESOURCES by way of an initial public offering (IPO). Aurora is currently owned 57% by Fronteer and 43% by ALTIUS MINERALS. Fronteer estimates the offering will be worth $25 million.
Aurora was created specifically to take ownership of the Labrador uranium properties held by the two partners. Among its holdings are the Michelin, Nash, Inda and Rainbow deposits, all of which have historic resource estimates. The newly discovered Otter and Jacques lakes deposits round out the portfolio.
The syndicate of underwriters will be co-led by SPROTT SECURITIES and GMP SECURITIES.
Further information is available at www.FronteerGroup.com.