April 18 (Reuters) - Northern Frontier Corp FFF.V :
* 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
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