FRNT Financial Provides Update On Annual General and Special Meeting

Rhea-AI Summary

FRNT Financial (TSXV: FRNT) (OTCQB: FRFLF) has announced that due to the ongoing Canada Post strike, materials for its upcoming Annual General and Special Meeting scheduled for December 12, 2024, are available on SEDAR+ and the company's website.

Registered shareholders can obtain their control numbers through Odyssey Trust Company to vote online by the December 10, 2024 deadline at 1:00 p.m. Toronto time. Beneficial shareholders should contact their brokers for proxy requests.

Additionally, the company has granted 150,000 stock options to certain directors, exercisable at C$0.50 per share. The options will vest quarterly over four years starting January 1, 2025, with a five-year exercise period after each vesting date.

Positive

• Granted 150,000 stock options to directors, aligning management interests with shareholders

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - December 6, 2024) -  FRNT Financial Inc. (TSXV: FRNT) (OTCQB: FRFLF) (FSE: XZ3) ("FRNT" or the "Company") announces that, due to the ongoing Canada Post strike (the "Postal Strike"), the information circular and related materials (the "Meeting Materials") for its upcoming Annual General and Special Meeting (the "Meeting") to be held on Thursday, December 12, 2024, are posted under the Company's profile on www.sedarplus.ca and on the Company's website at https://www.frnt.io/company/investors. Shareholders of the Company are encouraged to access the Meeting Materials directly through the above-mentioned website.

Registered shareholders, shareholders who hold their shares directly in the Company and not through a brokerage account or depository company, may contact the Company's transfer agent, Odyssey Trust Company, at shareholder services: 1-888-290-1175 or by going to Odyssey's website at https://odysseytrust.com/ca-en/help/ and following the prompts to obtain their control number and then proceed to vote online at the following website: https://vote.odysseytrust.com/. Proxies should be completed by the voting deadline at 1:00 p.m. (Toronto time) on December 10, 2024.

Beneficial shareholders who hold their investment through a brokerage house, depository company or other intermediary, should contact their broker representative to request a proxy.

If you wish to receive a paper copy of the Meeting Materials, please contact the Company per the instructions below.

The Company also announces that it has granted an aggregate of 150,000 stock options (the "Options") to certain directors of the Company (the "Optionees") pursuant to the Company's stock option plan. The Options will vest quarterly in sixteen equal installments, with the first vesting date being January 1, 2025. Each Option is exercisable, for a period of five years after the applicable vesting date, to acquire one common share of the Company at an exercise price of C$0.50.

About FRNT Financial Inc.
FRNT Financial is an institutional capital markets platform that bridges traditional and web-based finance through innovative technology-forward solutions. The Company partners with financial institutions and crypto-native firms to deliver a range of capital markets services. Headquartered in Toronto, FRNT was co-founded in 2018 by CEO Stéphane Ouellette.

FRNT FINANCIAL INC.
Chief Executive Officer
Stéphane Ouellette
investors@frnt.io
833 222-3768
https://www.frnt.io

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232842

FAQ

When is FRNT Financial (FRFLF) holding its Annual General and Special Meeting in 2024?

FRNT Financial is holding its Annual General and Special Meeting on Thursday, December 12, 2024.

What is the exercise price of the stock options granted by FRNT Financial (FRFLF) in December 2024?

The stock options were granted at an exercise price of C$0.50 per share.

What is the voting deadline for FRNT Financial's (FRFLF) December 2024 Annual Meeting?

The voting deadline is December 10, 2024, at 1:00 p.m. Toronto time.