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Finlay Minerals receives Multi-Year Exploration Permit for the ATTY and Grants Stock Options
Finlay Minerals receives Multi-Year Exploration Permit for the ATTY and Grants Stock Options ...
About this update from Finlay Minerals Ltd.
[{"type":"text","content":"\n \n \n \n Finlay Minerals receives Multi-Year Exploration Permit for the ATTY and Grants 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 \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 22, 2023\n \n \n /CNW/ -\n \n Finlay Minerals Ltd.\n \n (TSXV: FYL) (OTCQB: FYMNF) (\"\n \n Finlay\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has received a multi-year exploration permit for its ATTY property from the Ministry of Energy, Mines and Low Carbon Innovation.\n \n \n The ATTY property permit is for a term of three (3) years, and includes provisions for geophysical, geological, and core drilling programs.\n \n \n The ATTY property is being explored for copper-gold-silver porphyry deposits (KEM and Wrich Zones), as well as associated precious and base metal-rich (Attycelley Zone) veins. The ATTY is well situated in the Toodoggone area of northern\n \n British Columbia\n \n , contiguous to and between Centerra Gold's Kemess Property (Kemess Underground and Kemess East copper-gold porphyry deposits) to the south, and Amarc Resources – Freeport McMoRan joint ventured Joy property (Pine copper-gold porphyry) to the north.\n \n \n The Company further 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 23, 2023\n \n and approved by the TSX Venture Exchange on\n \n July 20, 2023\n \n , the Company has granted stock options exercisable for the issuance of up to 5,050,000 common shares of the Company (the \"\n \n Stock Options\n \n \") on\n \n August 21, 2023\n \n . The Stock Options are exercisable at a price of\n \n $0.05\n \n per share for a period of five years, expiring on\n \n August 21, 2028\n \n . The Stock Options are subject to the terms of the Plan.\n \n \n The Stock Options were granted to the six directors of the Company, as elected at the Company's Annual General Meeting on\n \n June 23, 2023\n \n , and two officers. The Company does not compensate directors other than by incen...