Frontline Gold Corp V.FGC.H

Alternate Symbol(s): FLDPF

Metals & Mining Gold

Frontline Gold Corporation is a Canada-based junior mineral exploration company. The Company's properties include the optioned gold projects in the Red Lake area of Ontario, Cameron Lake Gold Project (Ontario), the Portage River Gold Project in the Abitibi Region of Quebec, the Confederation Lake Project which is approximately 60 kms east of the Red Area and the Menderes gold project in the Izmir province of Western Turkey. The Company’s other Canadian exploration properties include other gold property groups in Ontario and include the Whitehorse Island Mining Patents. In addition, the Company has a large NSR package on about four separate gold property groups in Red Lake, which are presently under option for Pacton Gold. The Cameron Lake/Flint Lake Property is located in the Rainy River area, Ontario. The Copperlode Property lies within the Confederation Lake Greenstone Belt 40 to 60 kilometers southeast of Red Lake, Ontario.

TSXV:FGC.H - Post by User

Frontline Gold Corp

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Post by Opportunity1967on Dec 15, 2020 10:27am

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Post# 32108280

FGC - Sale on a Portfolio of Red Lake - NSR's - Update

Commentary
Frontline's President and CEO, Mr. Walter Henry, said “The net proceeds from this royalty sale will be used to fund continued exploration and development activities at the Company's Ontario and Quebec properties, a 1,000 metre drilling program at it Menderes Gold property in Turkey in early 2021, to complete additional property acquisitions, capital restructuring and for general working capital purposes.”

Under the terms of the agreement, the company has agreed to make a cash payment of $400,000 and an issuance of 103,271 common shares at a deemed price of $3.87

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