FRONTIER LITHIUM INC. ("FL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 8, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 17, 2019:
Number of Shares: 1,629,436 flow-through units ("FT Units"). Each FT Unit consist of one flow-through share and one share purchase warrant.
Purchase Price: $0.34 per FT Unit
Warrants: 814,718 share purchase warrants to purchase 814,718 shares
Warrant Exercise Price: $0.45 for a two year period
Number of Placees: 4 Placees
Insider / Pro Group Participation: None
Finder's Fee: Mine Equities Ltd - $21,240.48 in cash payments and 62,472 in Broker Warrants.
Qwest Investment Fund Management Ltd. - $12,000 in cash payments and 35,294 in Broker Warrants.
Each Broker Warrant will be exercisable for one common share at an exercise price of $0.45 for 24 months from the date of issuance.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.