Frontier Lithium Raises $645,120 in Flow Through Financing
Sudbury, Ontario, September 19, 2018 – Frontier Lithium Inc. (TSX.V: FL) (the “Company”) announces the closing of a non-brokered Flow Through private placement offering for a total of 1,466,182 units (“Units”) of the Company priced at $0.44 per Unit, for total gross proceeds of $645,120. The Flow Through private placement was oversubscribed from the initial offering by $145,120, issuing an additional 63,853 common shares of the Company.
In connection with the CDN $645,120 Offering, the Company issued finder’s fees of CDN $15,000.00 (totaling 2.32% of the gross proceeds of the Offering).
All of the Shares and Warrants issued pursuant to the Flow Through private placement are subject to a minimum 4-month hold period. Proceeds from the financing will be used to advance exploration of Frontier’s 100% owned and optioned PAK Lithium Project located in northwestern Ontario.