Frontline Gold to price C$5 million private placement of equity units

Proceeds expected to fund exploration at Niaouleni property in Mali

By Devika Patel

Knoxville, Tenn., Oct. 20 - Frontline Gold Corp. said it plans a private placement of units. The company will raise between C$3 million and C$5 million by selling units of one common share and one half-share warrant at a price yet to be determined.

CIBC World Markets Inc. will market the units on a best-efforts basis.

Settlement is expected Nov. 18.

Proceeds will be used for exploration at the company's Niaouleni property in Mali, working capital and general corporate purposes.

Halifax, N.S.-based Frontline is a mineral explorer.

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