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TORONTO, June 21,
2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT) (OTCQB:
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,
today announces that David Washburn,
PhD will join FRNT as its new President effective immediately.
Dr. Washburn has a unique combination of experience in
traditional capital markets and the digital asset space. Most
recently, David was Chief Executive Officer of one of the largest
blockchain innovation and development firms globally. Prior
to this, he spent 17 years in various roles in public equities,
most recently as Head of Canadian Equities for a global investment
bank.
"I'm thrilled to join a young company that has the potential for
tremendous growth for many years to come," said David Washburn. "I'm impressed by the team's
innovative mindset and dedication to solid strategic growth, and
see a lot of potential upside and market share to capture.
Throughout my career I've been guided by the goal of increasing
value for both investors and companies, and I look forward to
expanding opportunities for FRNT that will create a positive impact
operationally and financially. We have an exciting
opportunity to bring industry-leading expertise in digital asset
market structure to both institutional investors, and corporate
executives around the world."
"FRNT is a high-growth company with a young, hungry team and we
are honored for David Washburn to
add his expertise and leadership," said Stéphane Ouellette, CEO and
Co-Founder of FRNT Financial. "David has had tremendous success on
the sell-side, and his deep industry knowledge and institutional
tenure makes him uniquely qualified for this position. He has a
superior track record for delivering results and creating value,
and we are excited to utilize his strategy and guidance as we
continue to build long-term value for shareholders and
clients."
In connection with Dr. Washburn's appointment, the Company has
also granted him 800,000 options to purchase common shares in the
capital of the Company ("Common Shares") vesting in 12 equal
quarterly installments. Each option is exercisable for one Common
Share at an exercise price of $1.50
for a period of five years from the date of vesting of such
option.
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.