AGENCY AGREEMENTAgency Agreement • June 22nd, 2005 • Fronteer Development Group Inc • Mining & quarrying of nonmetallic minerals (no fuels)
We, Pacific International Securities Inc. (the "Agent"), understand that Fronteer Development Group Inc. (the "Corporation") proposes to undertake a private placement of up to 1,500,000 flow-through common shares of the Corporation (the "Shares") having the attributes specified in this agreement (the "Agreement") at a price of $2.75 per Share to raise gross proceeds of up to $4,125,000. Subject to the terms and conditions set forth in this Agreement, the Corporation hereby appoints the Agent to act as the Corporation's exclusive agent and the Agent 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 Agent is under no obligation to purchase any of the Shares, although the Agent may subscribe for Shares if it so desires.
Suite 1640Fronteer Development Group Inc • June 22nd, 2005 • Mining & quarrying of nonmetallic minerals (no fuels)
