Frontline Gold announces that subject to regulatory approval, the Company is extending the private placement announced on February 22. The terms of the Offering will remain the same as previously announced. The Company expects the Offering to close on or before July 15, 2013.
Frontline Gold has received a claim commenced in the Ontario courts from Geofine Exploration Consultants Ltd. seeking approximately $561,000 in relation to mining exploration agreements and services. The Corporation intends to vigorously defend the action.
Frontline Gold announces the results of its Annual and Special General Meeting of Shareholders held on May 28. At the Meeting, shareholders approved all resolutions put before them by management including the election of all director nominees, the re-appointment of the auditors, the re-approval of the Company's share incentive plan, the approval of proposed share consolidation resolution and the approval of the article [...]
Frontline Gold announces that subject to regulatory approval, the Company is extending the private placement announced on February 22, 2013 (placement of up to 25,000,000 units for gross proceeds of up to $500,000). The terms of the Offering will remain the same as previously announced. The Company expects the Offering to close on or before May 31, 2013.
Frontline Gold would like to announce that, subject to TSX Venture approval, Frontline has completed the final option payment due on the Menderes Property by the issuance of 2,500,000 common shares from the treasury valued at $0.05 per share. The shares will be issued to ENA Mad. TIC VE NAK. With respect to the Option Payment, the Company has amended the Option to Purchase and Transfer Agreement dated June 11, 2010 [...]
Frontline Gold announces that it has entered into a debt settlement agreement with Walter Henry, President and CEO, a creditor of the Company pursuant to which the Company agreed to issue an aggregate of 20,000,000 common shares at a deemed price of $0.05 per Share. The amount of indebtedness settled by the Agreement is $1,000,000, which represents outstanding amounts for cash advances by Mr. Henry to the Company. The [...]
Frontline Gold announces that it has granted 2,650,000 incentive stock options to directors, officers, employees and consultants pursuant to Frontline's rolling incentive stock option plan. 2,450,000 of the stock options are exercisable immediately for a period of three years at $0.10 per share. 200,000 of these Options were granted to investor relations consultants of the Company, vesting one third on a quarterly basis [...]
Frontline Gold announces that its Board of Directors has initiated a process to identify, examine and consider a range of strategic alternatives available to the Company with a view to enhance shareholder value. Strategic alternatives may include, but are not limited to, a sale of all or a material portion of the assets of Frontline, either in one transaction or in a series of transactions, the outright sale of the [...]
Frontline Gold is pleased to announce the results of the 2012 surveys on the Poly Tenures. The 2012 geological and geochemical surveys on the PT of the Poly Property included fill-in and expansion MMI soil sampling on the NW Gold Zone on the Lower Poly Grid; on the Cottonwood Grid; and, on the Swimming Pool Grid.
Frontline Gold is pleased to announce the discovery of an auriferous environment on the Ridge Bowl Grid (RBG), located on the Lord Nelson Tenures (LNT), Poly Property. Below are the details: The 2012 exploration program was carried out to follow-up on positive results from the 2011 geological and geochemical surveys on the LNT Creek and Ridge Grids. With the 2012 discovery of stacked rhyolite stratigraphy in the footwall [...]
Frontline Gold is pleased to announce its intention to carry out a non-brokered private placement of up to 25,000,000 shares at a price of $0.02 per share for gross proceeds of up to $500,000. The Offering will comprise the sale of units at a price of $0.02 per Unit. Each Unit will consist of one common share in the capital of the Company and one full non-transferable Common Share purchase warrant ("Warrant"). Each [...]
Frontline Gold is pleased to announce that the final payment on the property option agreement with ENA Mad. TIC VE NAK. press released on August 25 in regards to its Menderes property in western Turkey (the "Property") has been amended and extended by 6 months during which the Company is to make 6 monthly payments, that commenced January 24th, 2013.