Fronteer eyes TSX listing

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 the requirements, including receipt of documentation by Sept. 30, 2003.

Meanwhile, the junior has closed the final tranche of a $3-million financing, comprising 2.4 million units priced at 60 per unit and 2.4 million flow-through shares priced at 65 each. A unit consists of one share a half a warrant. A full warrant allows the holder to buy another share at 70 until June 26, 2005.

In addition to a 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 deposits.