/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
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UNITED STATES./
TORONTO, July 19,
2022 /CNW/ - FRNT Financial Inc. (TSXV: FRNT)
(OTCQB: FRFLF) (FSE: XZ3) ("FRNT" or the "Company"); an
institutional capital markets and advisory platform focused on
digital assets, today announces that since June 29, 2022, insiders and management have
acquired an aggregate of 116,000 common shares ("Common
Shares") of FRNT Financial Inc. (the "Company") on the
TSX Venture Exchange. The Common Shares were acquired pursuant to
the Normal Course Purchase Exemption set out in NI
62-104 Take-Over Bids and Issuer Bids ("NI
62-104").
The purchase was carried out through OSF Management for
investment purposes. OSF may from time to time increase or decrease
ownership or control of the securities of the Company depending on
market conditions and/or other relevant factors.
A copy of the early warning report for the Purchase has been
filed on www.sedar.com.
About FRNT Financial
Inc.
FRNT Financial is an institutional capital markets and advisory
platform focused on digital assets. FRNT, through a
technology-forward and compliant operation, aims to bridge the
worlds of traditional and web-based finance. Partnering with both
financial institutions and crypto native firms, FRNT operates 5
synergistic business lines including deliverable trading services,
institutional structured derivative products, merchant banking,
advisory and consulting, and principal investments & trading.
Co-founded in 2018 by CEO Stéphane Ouellette, FRNT is a global firm
headquartered in Toronto,
Canada.
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.