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Finlay Minerals Ltd. applies to amend warrants & updates budget figures
Finlay Minerals Ltd. applies to amend warrants & updates budget figures Finlay...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n\n\n\nFinlay Minerals Ltd. applies to amend warrants & updates budget figures\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\nFinlay Minerals Ltd. applies to amend warrants & updates budget figures\nCanada NewsWire\nVANCOUVER, Sept. 8, 2016\n\n\n\nVANCOUVER, Sept. 8, 2016 /CNW/ - Finlay Minerals Ltd. (TSXV:FYL) (\"The Company\") reports that it is applying to the TSX Venture Exchange to amend the term of 1,958,333 warrants from its private placement completed on October 7, 2014, at an exercise price of $0.10 and expiring on October 7, 2016, to have their term extended from 24 months to 48 months; the new expiry date of these warrants will be October 7, 2018.  No amendment to the exercise price will be made to any of these warrants and these warrant amendments are subject to regulatory acceptance by the Exchange.\n\nThe Company further reports an update on the planned use of funds from its private placement financing dated April 12, 2016.  The funds from the financing continue to be used for working capital, however, an increase to the geological fees associated with related parties is announced in order to execute a $25,000 new work program on its PIL Property this summer. \n\nAbout Finlay Minerals Ltd.\n\nFinlay Minerals is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. The company's flagship property, Silver Hope, includes porphyry copper-molybdenum mineralization discovered in 2010, along with three silver-copper mineralized zones in a contiguous trend with the mined out deposits of the former Equity Silver Mines (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold). \n\nOn behalf of the Board of Directors,\n\nRobert F. Brown, P.Eng.President & CEO\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\nForward-Looking Information: This release includes certain statements that may be deemed \"forward...