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FGC Frontline Gold Corporation

0.02
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Frontline Gold Corporation TSXV:FGC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.02 0.01 0.02 0 01:00:00

Frontline Gold Announces Shares for Debt Agreement for US$200,000

07/06/2013 3:12pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Frontline Gold Corporation (TSX VENTURE:FGC) ("Frontline" or the "Company")
announces that it has entered into a shares-for-debt agreement (the "Agreement")
with an arm's length service provider/creditor (the "Creditor").


Pursuant to the Agreement, and subject to TSX Venture Exchange Approval, the
Company will issue to the Creditor an aggregate of 2,500,000 common shares of
the Company ("Shares") at a deemed price of $0.08 per Share. The total amount of
indebtedness to be settled by the Agreements is US$200,000. The Company decided
to satisfy this outstanding indebtedness with Shares to preserve its cash for
operations. 


Shares issued to the Creditor will be subject to a four-month hold period from
the settlement date. 


About Frontline Gold Corporation

Frontline is a Canadian junior mineral exploration company with an experienced
discovery team and a proven record of accomplishment. The Company's flagship
properties include the Menderes gold project in the Izmir province of Western
Turkey and the Niaouleni gold project in southern Mali in the heart of West
Africa's prolific gold belt.


For further information, please visit the Company's website at
www.frontlinegold.com to view the most recent corporate presentation.


This news release contains forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds; the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices; currency fluctuations; and general
market and industry conditions.


Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.


Walter Henry, President & CEO

FRONTLINE GOLD CORP.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Frontline Gold Corporation
Walter Henry
(416) 362-9100
(416) 362-9300 (FAX)
info@frontlinegold.com
www.frontlinegold.com

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