SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Veera Samyak

(Last) (First) (Middle)
07-95A UBI TECHPARK
10 UBI CRESCENT

(Street)
SINGAPORE U0 00000

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NEW FRONTIER ENERGY INC [ NFEI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/19/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3,365,500 D(4)
Common Stock 11/19/2009 P 6,500,000(5) A $0.1 37,452,480 I(1) Owned by Iris Energy Holdings Ltd
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options to acquire Common Stock $1.5 10/01/2009 J(1) 9,523,800 12/01/2006 12/01/2009 Common Stock 9,523,800 $.00 10,773,800 I(2)(3)(4) Iris Energy Holdings, Ltd.
Options to acquire Common Stock $1.5 10/01/2009 J(1) 2,857,140 01/17/2007 01/17/2010 Common Stock 2,857,140 $.00 13,630,940 I(2)(3)(4) Iris Energy Holdings, Ltd.
Options to acquire Common Stock $2 10/01/2009 J(1) 4,762,000 12/01/2006 12/01/2009 Common Stock 4,762,000 $.00 18,392,940 I(2)(3)(4) Iris Energy Holdings, Ltd.
Options to acquire Common Stock $2 10/01/2009 J(1) 1,428,600 01/17/2007 01/17/2010 Common Stock 1,428,600 $.00 19,821,540 I(2)(3)(4) Iris Energy Holdings, Ltd.
Common Stock Underlying Series C Preferred Stock $1.05 10/01/2009 J(1) 12,380,940 12/01/2006 12/01/2009 Common Stock 12,380,940 $.00 32,202,480 I(2)(3)(4) Iris Energy Holdings, Ltd.
1. Name and Address of Reporting Person*
Veera Samyak

(Last) (First) (Middle)
07-95A UBI TECHPARK
10 UBI CRESCENT

(Street)
SINGAPORE U0 00000

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Iris Energy Holdings Ltd

(Last) (First) (Middle)
07-95A UBI TECHPARK,
10 UBI CRESCENT

(Street)
SINGAPORE U0 408564

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Effective October 1, 2009, Mr. Veera was appointed the sole director of Iris Energy Holding Ltd., a Somoa company.
2. Between December 1, 2006 and January 17, 2007, Iris Energy used its working capital to purchase 130,000 shares of New Frontier Energy, Inc.'s (the "Issuer") 2.5% Series C Cumulative Convertible Preferred Stock (the "Series C Preferred Stock") and acquired the 12,380,940 warrants to acquire shares of the Issuer's $0.001 par value common stock at a price of $1.50 per share (the "AC Warrants") and 6,190,600 warrants to acquire shares of the Issuer's $0.001 par value common stock at a price of $2.00 per share (the "BC Warrants") for $13,000,000.
3. The terms of the Series C Preferred Stock, the AC Warrants and the BC Warrants contained certain conversation/exercise cap limitations that prevented Iris Energy from acquiring greater than 9.99% beneficial ownership of the shares of Common Stock underlying these securities. These conversation cap limitations expired by their terms on or about October 1, 2009. The Series C Preferred Stock is mandatorily convertible into shares of Common Stock on December 1, 2009.
4. Represents 2,056,500 shares of the Issuer's $0.001 par value common stock ("Common Stock") and a two year option to acquire 1,250,000 shares of the Company's Common Stock at a price of $0.20 per share granted to Mr. Veera on August 17, 2009.
5. Reflects the purchase by Iris Energy Holdings Ltd. of 6,500,000 shares of the Issuer's Common Stock on November 19, 2009 at a price of $0.10 per share
/s/ Samyak Veera 11/19/2009
/s/ Samyak Veera, Director of Iris Energy Holdings, Ltd. 11/19/2009
** Signature of Reporting Person Date
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