Business
Early Warning Report for John Barakso Filed Pursuant to National Instrument 62-103
Early Warning Report for John Barakso Filed Pursuant to National Instrument 62-103 ...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n \n \n \n Early Warning Report for John Barakso Filed Pursuant to National Instrument 62-103\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\ntable p, #divContent table p\n{\nmargin: 0px;\nmargin-left: 3.8px;\nfont-size: 8pt !important;\nfont-family: Arial;\ncolor: black;\nmargin-right: 0pt;\n}\ntable th, #divContent table th\n{\nfont-weight: unset !important;\ntext-align: unset !important;\nvertical-align: unset !important;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n VANCOUVER, BC,\n \n Aug. 2, 2021\n \n /CNW/ - John Barakso announced today that, as a result of the previously announced private placement financing of Finlay Minerals Ltd. (\"\n \n Finlay\n \n \") that closed on\n \n July 9, 2021\n \n (the \"\n \n Financing\n \n \"), his subsequent exercise of stock options to acquire 350,000 common shares of Finlay (\"\n \n Shares\n \n \") on\n \n July 13, 2021\n \n for an aggregate exercise price of\n \n $17,500\n \n and, indirectly through Baril Developments Ltd., a private company controlled by Mr. Barakso (\"\n \n Baril\n \n \"), his acquisition of 1,358,332 Shares on\n \n July 31, 2021\n \n pursuant to the exercise of share purchase warrants for an aggregate exercise price of\n \n $135,833.20\n \n , Mr. Barakso's holdings were reduced on a fully-diluted basis from 60.30% prior to the Financing to 41.30%.\n \n \n Mr. Barakso had made no changes to his direct or indirect holdings since his last Early Warning Report, dated\n \n December 20, 2019\n \n , and did not participate in the Financing. Pursuant to the Financing, Finlay issued 26,444,748 Shares, 26,676,748 warrants and 3,022,646 agent's options. As a result of the Financing, Mr. Barakso's direct and indirect holdings were reduced from 58.30% on a non-diluted basis to 45.42% subsequent to the Financing; Mr. Barakso's direct and indirect holdings were reduced on a fully-diluted basis from 60.30% prior to the financing to 41.30% subsequent to the financing.\n \n \n Immediately prior to the exercise of the stock options on\n \n July 13, 2021\n \n , (a) Mr. Barakso, directly and indirectly through Ba...