Big money says price over $1.30 This is a major vote of confidence that pretty well defines what our expectations might be in the few-month type of time frame.
Expect the resource to grow. Flow-through is only usable for literal exploration costs, meaning that they intend to use the money to have drills turning.
Good luck all.
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Sunday March 28, 18:26
FRONTIER LITHIUM ANNOUNCES $2,000,000 FLOW-THROUGH FINANCING
Frontier Lithium Inc. has arranged a non-brokered private placement for gross proceeds of $2-million for a total of 1,538,462 flow-through units at a price of $1.30 per flow-through unit.
Each FT unit will consist of one common share in the capital stock of Frontier issued on a flow-through basis and one-half common share purchase warrant. Each full FT warrant shall entitle the holder thereof to purchase one additional common share of Frontier Lithium at an exercise price of $1.50 for a 24-month period following the closing date of the offering. All warrants issued pursuant to this financing are subject to an accelerated expiry, at the sole discretion of the company within set terms.