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Finlay Minerals Ltd. announces a non-brokered financing
Finlay Minerals Ltd. announces a non-brokered financing Canada NewsWire VANCOUVE...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\nFinlay Minerals Ltd. announces a non-brokered financing\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\nCanada NewsWire\nVANCOUVER, Nov. 27, 2017\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRESERVICES/\n\n\n\nVANCOUVER, Nov. 27, 2017 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL)  (the \"Company\") is pleased to announce a non-brokered flow-through private placement to raise gross proceeds of up to $1,000,000 (the \"FT Financing\") and a concurrent non-brokered non-flow-through private placement to raise gross proceeds of up to $250,000 (the \"NFT Financing\").\n\nThe FT Financing will consist of up to 7,142,857 units; each unit will consist of one common share of the Company, on a flow-through basis (a \"FT Share\") and one-half of one share purchase warrant, at a price of $0.14 per unit. The NFT Financing will consist of up to 2,083,333 units; each unit will consist of one common share of the Company, on a non-flow through basis (a \"NFT Share\") and one full share purchase warrant, at a price of $0.12 per unit.\n\nEach whole common share purchase warrant (a \"Warrant\") will be exercisable for the purchase of an additional common share of the Company, on a non-flow through basis (each, a \"Warrant Share\") for a term of 48 months at an exercise price of $0.20 per share. In the event the common shares of the Company close at a price of not less than $0.30 per share for at least 20 consecutive trading days at any time beginning four months and one day after the date of issuance of the Warrants, the term of the Warrants may be accelerated upon written notice from the Company. Upon such notice being provided, the holders of the Warrants will have 30 days to exercise the Warrants, failing which they will expire and be of no further force or effect. \n\nThe proceeds of the of financing will be used to fund deep induced polarization (IP) geophysics and deep drilling on its Silver Hope Property, to fund deep IP on its ATTY Property and for general working capital.\n\nFinder's fees of up to 6% may be paid on po...