Business
Finlay Minerals Ltd. Announces the Grant of Stock Options
Finlay Minerals Ltd. Announces the Grant of Stock Options Canada NewsWire ...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n \n \n \n Finlay Minerals Ltd. Announces the Grant of Stock Options\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 30, 2021\n \n /CNW/ -\n \n Finlay Minerals Ltd.\n \n (TSXV: FYL) (the \"\n \n Company\n \n \") announces that, pursuant to the Company's 10% Rolling Stock Option Plan (the \"\n \n Plan\n \n \"), as most recently re-approved by its shareholders on\n \n June 25, 2021\n \n and submitted for approval to the TSX Venture Exchange on\n \n July 20, 2021\n \n , the Company has granted stock options exercisable for the issuance of up to 4,850,000 common shares of the Company (the \"\n \n Stock Options\n \n \") on\n \n August 30, 2021\n \n . The Stock Options are exercisable at a price of\n \n $0.14\n \n per share for a period of five years, expiring on\n \n August 30\n \n , 2026.  The Stock Options are subject to the terms of the Plan.\n \n \n The Stock Options were granted to the seven directors of the Company, as elected at the Company's Annual General Meeting on\n \n June 25, 2021\n \n , and one officer.  The Company does not compensate directors other than by incentive stock options.\n \n \n The above-noted stock option grant brings the total number of the Company's issued and outstanding stock options to 6,400,000.\n \n \n The Stock Options vest as of the date of the grant.  The Stock Options and any common shares of the Company issued upon exercise of the Stock Options will be subject to a four-month resale restriction from the date of grant of the Stock Options.\n \n \n \n \n About Finlay Minerals Ltd.\n \n \n \n \n Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia.  Finlay recently completed a financing of\n \n $1 million\n \n flow-through, and\n \n $1.64 million\n \n in non-flow-through funds.\n \n \n Finlay Minerals Ltd. trades under the symbol \"FYL\" on the TSX Venture Exchange. For further information and details please visit the Company's website at:\n \n www.finlayminerals...