TORONTO, June 16,
2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTC
PINK: FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); a next
generation institutional capital markets platform offering various
trading and advisory services within cryptocurrency and emerging
asset classes, is pleased to announce that its common shares are
now eligible for settlement through the Depository Trust Company
("DTC"), a subsidiary of the Depository Trust & Clearing Corp.
that manages the electronic clearing and settlement of
publicly-traded companies in the United States.
FRNT's common shares are now fully DTC eligible and will
continue to trade in the United States under the ticker
symbol "FRFLF" on the OTC Pink. Through an electronic method of
clearing securities, DTC eligibility reduces costs and accelerates
the settlement process for investors and brokers allowing the
Company's common shares to be traded over a much wider selection of
brokerage firms by coming into compliance with their
requirements.
Stéphane Ouellette, CEO and Co-Founder of FRNT Financial stated:
"We are pleased to receive DTC eligibility which will simplify the
electronic settlement for US based investors and enhance the
ability of these investors to participate in our Company's growth.
We view this as a first step in expanding our presence in the US
capital markets as we continue to enhance our share liquidity and
drive value for our shareholders."
About FRNT Financial
Inc.
FRNT Financial is a next generation institutional capital
markets platform offering various trading and advisory services
within cryptocurrency and emerging asset classes. The Company
intends to present a new set of opportunities targeted to permitted
clients and institutional investors while maintaining a lean,
technology-forward operation. FRNT is focused on delivering
expertise and products to institutional clients that allow them to
effectively access alternative cryptocurrency opportunities. The
Company was founded in 2018 and is led by CEO Stéphane Ouellette,
headquartered in Toronto,
Ontario.
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.
Cautionary Note Regarding
Forward-Looking Information
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable law.
Generally, forward-looking statements and forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". All forward-looking
statements and forward-looking information are based on reasonable
assumptions that have been made by the Company as at the date of
such information. Forward-looking statements and forward-looking
information are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking statements and forward-looking information,
including but not limited to: the general risks associated with the
speculative nature of the Company's business, current global
financial conditions, uncertainty of additional capital, price
volatility, no history of earnings, government regulation in the
industries in which the Company operates, political and economic
risk, absence of public trading market, arbitrary offering price,
dilution to Common Shares, dependence on key personnel, currency
fluctuations, insurance and uninsured risks, competition, legal
proceedings, conflicts of interest and lack of dividends. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements and forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements or information. Accordingly, readers should not place
undue reliance on forward-looking statements or forward-looking
information. The Company does not undertake to update any
forward-looking statement or forward-looking information that is
included herein, except in accordance with applicable securities
laws.
SOURCE FRNT Financial Inc.