go back and read the complete N/RCALGARY, Alberta, Dec. 10, 2020 (GLOBE NEWSWIRE) -- International Frontier Resources Corporation (“IFR” or the “Company”) (TSX-V: IFR) , is pleased to announce that IFR and Tonalli Energia (“Tonalli”), a joint venture between Mexican petrochemical leader Grupo Idesa and IFR, (“IFR Group”), have signed a Letter of Intent with Simmons Edeco, a Canadian based oilfield services corporation and its financing affiliates (“Simmons”). The investment is set out in two Tranches, of $1,000,000 USD and up to $6,000,000 USD which are subject to certain conditions being met.
Yes, potential, in the bank, not till it is signed.