AGENCY AGREEMENTAgency Agreement • April 1st, 2005 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)
We, Pacific International Securities Inc. and Toll Cross Securities Inc. (collectively, the "Agents"), understand that Fronteer Development Group Inc. (the "Corporation") proposes to undertake a private placement of up to 7,270,000 units (the "Units") having the attributes specified in this agreement (the "Agreement") at a price of $1.75 per Unit to raise gross proceeds of up to $12,722,500. Subject to the terms and conditions set forth in this Agreement, the Corporation hereby appoints the Agents to act as the Corporation's exclusive agents and each of the Agents accepts the appointment and agrees to act as an agent of the Corporation and to use its commercial best efforts to find and introduce to the Corporation potential Purchasers (as defined herein) to purchase, by way of private placement, the Units. The Agents are under no obligation to purchase any of the Units, although each Agent may subscribe for Units if it so desires.
TECK COMINCO ARAMA VE MADENCILIK SANAY1 TICARET A.S.Memorandum of Understanding • April 1st, 2005 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia
Further to our recent conversations on the above subject, this letter agreement (the "Agreement") sets out the understanding between Fronteer Development Group Inc. ("Fronteer") and Teck Cominco Arama ve Madencilik Sanayi Ticaret A.S. ("TCAM") whereby Fronteer, through a subsidiary to be incorporated under the laws of Turkey, will have an option to acquire, subject to certain TCAM earn-back rights, a 100% undivided interest in TCAM's Biga property located in Turkey. Upon notice to TCAM by Fronteer's Turkish subsidiary of its incorporation, Fronteer's Turkish subsidiary shall automatically become a party hereto and references to Fronteer will be deemed to be references to the Fronteer Turkish subsidiary with the exception of the requirement to issue shares of Fronteer and the guarantee on the firm commitment which shall continue to be the responsibility of Fronteer, as well, the requirement to pay the bonus payment on a production decision shall be a joint liability of both Fronteer and
AGENCY AGREEMENTAgency Agreement • April 1st, 2005 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)
We, Pacific International Securities Inc. and Toll Cross Securities Inc. (collectively, the "Agents"), understand that Fronteer Development Group Inc. (the "Corporation") proposes to undertake a private placement of up to 880,000 flow-through common shares of the Corporation (the "Shares") having the attributes specified in this agreement (the "Agreement") at a price of $1.25 per Share to raise gross proceeds of up to $1,100,000. Subject to the terms and conditions set forth in this Agreement, the Corporation hereby appoints the Agents to act as the Corporation's exclusive agents and each of the Agents accepts the appointment and agrees to act as an agent of the Corporation and to use its commercial best efforts to find and introduce to the Corporation potential Purchasers (as defined herein) to purchase, by way of private placement, the Shares. The Agents are under no obligation to purchase any of the Shares, although each Agent may subscribe for Shares if it so desires.
AGENCY AGREEMENTAgency Agreement • April 1st, 2005 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Ontario
