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Finlay Minerals announces Re-pricing of Proposed Private Placement Flow-Through Financing of up to $300,000
Finlay Minerals announces Re-pricing of Proposed Private Placement Flow-Through Financing...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n \n \n \n Finlay Minerals announces Re-pricing of Proposed Private Placement Flow-Through Financing of up to $300,000\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 DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 8, 2021\n \n /CNW/ -\n \n Finlay Minerals Ltd.\n \n (TSXV: FYL) (\"\n \n Finlay\n \n \" or the \"\n \n Company\n \n \") announces the re-pricing of the proposed non-brokered flow-through private placement financing for aggregate gross proceeds of up to\n \n $300,000\n \n (the \"\n \n Private Placement\n \n \") previously announced on\n \n October 28, 2021\n \n .\n \n \n The Private Placement will now consist of up to 2,307,692 flow-through units (\"\n \n FT Units\n \n \"), at a price of\n \n $0.13\n \n per FT Unit (the \"\n \n FT Unit Price\n \n \"), with each FT Unit comprising one common share of the Company which qualifies as a \"flow-through share\" within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) and one Unit Warrant.\n \n \n Each Unit Warrant shall entitle the holder thereof to acquire one additional common share of the Company (each, a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n $0.20\n \n per Warrant Share for a period of twenty-four months from the closing of the Private Placement.  The Private Placement is now expected to close on or about\n \n November 18, 2021\n \n .\n \n \n The Company also advises that a director of the Company has agreed to subscribe for and purchase from the Company 1,153,846 FT Units under the Private Placement.  The Private Placement will constitute a \"related party transaction\" within the meaning of Policy 5.9 of the TSX Venture Exchange (\"\n \n TSX-V\n \n \") and Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special\n \n \n Transactions\n \n (\"\n \n MI 61-101\n \n \") as a result of the subscriber being a director and insider (as defined ...