PetroFrontier Corp. (OTCPK:PFRR.F) announced a private placement of 5,333,333 common shares at a price of CAD 0.075 per share for gross proceeds of CAD 399,999.975 on June 7, 2021. Insiders of the company may participate in the transaction. Completion of the transaction is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange. The common shares to be issued will be subject to a four month hold period from the date of the closing. The company may pay a cash commission or finder's fee to qualified non-related parties of up to 7% of the gross proceeds of the transaction.