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Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow-Through Units
Finlay Minerals Announces Increase in Size of Non-Brokered Private Placement of Flow-Through Shar...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\n Finlay Minerals Announces Increase in Size 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 4, 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 due to strong investor interest it has increased the size of its non-brokered private placement (the \"\n \n Private Placement\n \n \"), previously announced on\n \n May 26, 2025\n \n , to raise up to\n \n $1,700,000\n \n . The Private Placement will consist of the issuance of any combination of: (i) common shares of the Company to be 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) 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 up to\n \n $1,700,000\n \n . The Private Placement is subject to a minimum offering amount of\n \n $500,000\n \n , to be raised through any combination of FT Shares and NFT Units.\n \n\n\n\n\n\n\n\n\n The Company also announces that it will use the gross proceeds from the issuance of FT Shares to incur \"Canadian exploration expenses\" that qualify as \"flow-through critical mineral mining expenditures\", as such terms are defined in the\n \n Income Tax Act\n \n (\n \n Canada\n \n ).\n \n\n Each NFT Unit will be 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 will be exercisable by the holder thereof to acquire one NFT Share at an exercise price of\n \n $0.20\n \n per NFT Share for a period of two years from the date of issua...