General Office 2736 BelisleDrive
General Office
2736 BelisleDrive
Val Caron, ON P3N 1B3
T. 705.897.7622
F. 705.897.7618
Frontier Lithium Closes $1 million with First Tranche of Flow‐Through Financing and announces over‐subscription
Sudbury, Ontario, May 15th, 2019 – Frontier Lithium Inc. (TSX.V: FL) (the “Company”) is announcing that it has received interest
above the previously announced $1,500,000, and accordingly intends to increase the amount to be raised under its non‐
brokered private placement offering to $2,000,000, subject to TSXV approval. All other terms of the offering remain as set out
in the Company's April 29, 2019 news release. The company also closed its first tranche of the non‐brokered private placement
for a total of $1,000,000 of flow‐through funding.
The company now proposes to issue 5,000,000 units (“FT Unit”) at a price of $0.40 each. Each FT Unit will consist of one
common share in the capital stock of Frontier ("Common Share") issued on a flow‐through basis and a ½ Common Share
purchase warrant ("FT Warrant"). Each full FT Warrant will entitle the holder purchase one Common Share a price of $0.50 per
Common Share until the date which is 24 months following the cl osing date of the Offering, whereupon the FT Warrants expire.
The securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period.
Frontier Lithium reserves the opportunity to grant to eligible persons a finder’s fee of a maximum 6% of the gross proceeds of
the Offering and finder warrants of a maximum of 6% of the total number of Units sold under the Offering. Each finder warrant
will be exercisable at an exercise price of $0.50 CDN into one common share for a period of 24 months from the date of
issuance.
All of the Shares and Warrants issued pursuant to the private placement are subject to a minimum 4‐month and one day
statutory hold period. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessa ry
approvals, including the approval of the TSX Venture Exchange ( "TSX‐V") and applicable securities regulatory
authorities. Proceeds from the financing will be used to advance exploration of Frontier’s 100% owned PAK Lithium Project
located in northwestern Ontario.
Other business
The company announces that it entered into an employment contract with Bora Ugurgel effective November 1, 2018. Mr.
Ugurgel will lead the investor relations and communication activities for Frontier and serve as the point of contact for investor
engagement to the financial community and with current and pote ntial shareholders.
Under the terms of the employment, Frontier granted Mr. Ugurgel an option to purchase 500,000 common shares at an
exercise price of $0.40 per share under the terms of the stock option plan of Frontier, for a period of five (5) years from the
date of grant. The options were disclosed on November 7, 2018 press release.
About Frontier Lithium
Frontier is a pure play Lithium junior mining company with the highest quality hard rock deposit in North America. It also has
the largest land position on the Electric Avenue, Ontario’s emerging premium lithium‐metal district hosted in the Canadian
Shield of northwestern Ontario. The Company’s objective is to is to participate in a fully integrated North American Battery
Ecosystem. Our goal is to become a near term producer and scale up to 30,000 tonnes LCE (~3% of the world Lithium demand)
by 2025. Frontier is implementing a phased methodology to development for becoming a rare producer of premium technical
lithium concentrates required to produce high quality glass and ceramics as well as supplying chemical grade concentrates for
the production of lithium chemicals required for the burgeoning lithium battery industry.
General Office
2736 BelisleDrive
Val Caron, ON P3N 1B3
T. 705.897.7622
F. 705.897.7618
Frontier maintains a tight share structure with management ownership of 30% of the Company.
About the PAK deposit
The PAK Deposit is located at the south end of Ontario’s Electric Avenue, which also hosts Frontier’s new discovery at Spark
showing (2km northwest) and the Pennock Lake pegmatite occurrence a further 30km along Frontier’s PAK Lithium Project. The
PAK deposit has a current Measured and Indicated Resource of 7.5 million tonnes of 2.02% Li2O and an Inferred Lithium
Resource of 1.8 million tonnes of 2.10% Li2O which has a rare technical/ceramic grade spodumene with low inherent iron
(below 0.1% Fe2O3) as per its NI 43‐101 Technical Report, “Preliminary Feasibility Study” disseminated on April 16, 2018.
Company Contact Information
Bora Ugurgel
Manager, Investor Relations
2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618
Additional information regarding Frontier Lithium is available on SEDAR at sedar.com under the Company's profile and on its website at frontierlithium.com,
including various pictures of ongoing work at the project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.