Frontier Lithium Announces the Assignment of a LEI (Legal Entity Identifier) Number
Sudbury, Ontario, January 16, 2018 – Frontier Lithium Inc. (TSX.V: FL) (the “Company”) is pleased to announce that it has been granted a Legal Entity Identifier (“LEI”). The Company’s LEI code is 5299003YPGD78AK6J403.
“Frontier Lithium deliberately secured an LEI for the purpose of having Europe compliance. The company has shareholders that reside in Europe and the company is targeting potential European customers which may further result in a European stock listing.”, comments Trevor Walker, President and Chief Executive Officer of Frontier Lithium.
The LEI is a 20-character alphanumeric code used as part of a global reference data system that uniquely identifies entities that are party to a financial transaction within any jurisdiction. It is an initiative endorsed by the G20 and is administered by the Global LEI System. The European Union has adopted regulations that require use of a LEI as a barcode equivalent aimed at pinpointing systematic risks. It’s described as a publicly available global directory, which greatly enhances transparency in the global marketplace.