04:00:51 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



International Frontier Resources Corp (2)
Symbol IFR
Shares Issued 14,955,397
Close 2024-04-05 C$ 0.07
Market Cap C$ 1,046,878
Recent Sedar Documents

International Frontier prospectus offering

2024-04-08 17:25 ET - Prospectus Approved

The company's short form offering document dated April 1, 2024, has been filed with and accepted by the TSX Venture Exchange.

Effective date:  April 1, 2024

Offering expiry date:  60 calendar days ending June 7, 2024

Agent:  Leede Jones Gable Inc.

Offering:  up to 10.06 million units (Each unit comprises one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of 10 cents per share for a period of five years from the date of issuance of the units.)

Unit price:  five cents

Agent's warrants:  non-transferable warrants entitling the agent to acquire, in the aggregate, that number of units that is equal to 10 per cent of the total number of units sold under the offering (Each broker warrant will be exercisable to purchase one unit of the issuer on the same terms as the units at a price of five cents for a period of five years following the closing date of the offering.)

Agent's commission:  10 per cent of the gross proceeds of the offering payable in cash or by issuance of units (The agent will also receive a corporate finance fee of $25,000 plus tax.)

Overallotment option:  The agent was granted an overallotment option exercisable in whole or in part at any time prior to the closing date of the offering to purchase up to an additional 1,509,000 units.

Upon completion of the offering, the company will issue a news release confirming the number of units issued and money raised pursuant to this offering.

For further information, refer to the company's short form offering document dated April 1, 2024 (filed on SEDAR+), and the company's news release dated April 2, 2024.

© 2024 Canjex Publishing Ltd. All rights reserved.