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Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and No...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\n Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units\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}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES/\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 9, 2025\n \n\n /CNW/ -\n \n Finlay Minerals Ltd.\n \n (TSXV: FYL) (OTCQB: FYMNF)\n \n (\"Finlay\" or the \"Company\")\n \n is pleased to announce that it has closed its non-brokered private placement (the \"\n \n Private Placement\n \n \"), previously announced on\n \n May 26, 2025\n \n and\n \n June 4, 2025\n \n , consisting in the issuance of: (i) 11,206,088 common shares of the Company issued on a flow-through basis under the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (each, a \"\n \n FT Share\n \n \") at a price of\n \n $0.11\n \n per FT Share, and (ii) 4,400,000 non-flow-through units of the Company (each, a \"\n \n NFT Unit\n \n \") at a price of\n \n $0.10\n \n per NFT Unit, for aggregate gross proceeds to the Company of\n \n $1,672,670\n \n .\n \n\n\n\n\n\n\n\n\n Each NFT Unit was comprised of one non-flow-through common share of the Company (each, a \"\n \n NFT Share\n \n \") and one non-flow-through common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant is exercisable by the holder thereof to acquire one NFT Share at an exercise price of\n \n $0.20\n \n per NFT Share until\n \n June 9, 2027\n \n , subject to acceleration as described in the Company's press release dated\n \n June 4, 2025\n \n .\n \n\n The Company intends to use the gross proceeds of the Private Placement for exploration of the Company's SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document in respect of the Private Placement filed on\n \n www.sedarplus.ca\n \n under the Company's profile. The Company will use the gross proceeds from the issuance of FT Shares to incur \"Canadian exploration exp...