FRONTIER LITHIUM INC. ("FL")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: August 5, 2020
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on June 23, 2020 and further amended on July 22, 2020:
Number of Shares: 10,077,000 shares
Purchase Price: $0.20 per share
Warrants: 5,038,500 share purchase warrants to purchase 5,038,500 shares
Warrant Exercise Price: $0.27 for a two-year period
Number of Placees: 47 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
1988109 Ontario Inc. (Reginald Walker) Y 1,400,000
Finder's Fee: Wavecrest Securities LLC - USD$49,104.46 in cash payments and 29,526 broker warrants.
Ede Asset Management Inc. - CDN$16,800.00 in cash payments and 84,000 broker warrants.
Canaccord Genuity Corp. - CDN$600.00 in cash payments and 3,000 broker warrants.
Barry Dennis - 306,594 broker warrants.
Each broker warrant will be exercisable at $0.27 for one common share of the Company for 24 months from the date of issuance.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release on July 29, 2020, 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.
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