FRNT Grants Stock Options

TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) -- FRNT Financial Inc. (TSXV:FRNT) (OTCQB:FRFLF) (FSE:XZ3) (“FRNT” or the “Company”) announces that it has granted 800,000 stock options (the “Options”) to David Washburn, President of the Company (the “Optionee”) pursuant to the Company’s stock option plan. The Options will vest in eight equal installments every three months, with the first vesting date on December 6, 2023. Each Option is exercisable, for a period of five years from the applicable vesting date, to acquire one common share of the Company (“Common Share”), with 500,000 of the Options exercisable at an exercise price of C$0.40, 200,000 of the Options exercisable at an exercise price of C$0.75, and 100,000 of the Options exercisable at an exercise price of C$1.00.

Read more at globenewswire.com