Vancouver Fronteer Development Group (FRG-V) has been conditionally approved for a listing on Canada’s major bourse.
Trading on the Toronto Stock Exchange is still subject to compliance with all of the requirements including the receipt of all required documentation by Tuesday, September 30, 2003.
The junior has also closed the final tranche of a $3 million financing, comprising 2.39 million units priced at $0.60 per unit and 2.4 million flow-through shares priced at $0.65 each. A unit holds one share a half a warrant. A full warrant allows the holder to buy another share at a price of $0.70 until June 26, 2005.
In addition to its foray into the Red Lake-Birch Uchi Belt of Ontario, the junior has assembled large land positions in the Bear province of the Northwest Territories and the Central Mineral Belt of Labrador, all in an effort to find iron-oxide-copper-gold (IOCG) deposits.
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