VANCOUVER, May 3 /CNW/ - Finlay Minerals Ltd. ("the Company") is pleased
to announce it has entered into an Investor Relations and Consulting Agreement
with Rosemont Advisory Inc. ("Rosemont") of Mississauga, Ontario.
Increasing awareness within the investor community is an important aspect
of the Company's strategic plan. Management believes the time is right to
invest in shareholder communications with its emphasis on continued
exploration of the gold rich coppery targets in the Toodoggone mining camp of
northern British Columbia. Recent exploration success elsewhere in the
Toodoggone, the depth of management experience in porphyry deposit
exploration, leads the Company to believe that the Toodoggone is a major gold
rich copper porphyry mining camp in waiting.
Rosemont's mandate is to increase investor awareness of the Company's
plans, activities, investment fundamentals and the results of the Company's
exploration and drill programs.
Under the 12 month Agreement the services to be provided to the Company
are manage and control all of the investor relations activities including
communicating with investment dealers, advisors and Rosemont's prospective
network with a view to increasing awareness of and interesting the Company and
promoting the Company in a positive manner and developing and expanding the
Company's shareholder base. Rosemont will also assist the Company in
identifying and securing new sources of capital and coordinating regular
meetings between the Company, investment dealers, advisors, analysts and
shareholders.
Rosemont will be paid a fee of $4,000 per month and will also receive
stock options to purchase 300,000 common shares exercisable at $0.20 per share
during the term of the Investor Relations and Consulting Agreement and shall
vest 25% every 90 days from the date of grant.
The agreement with Rosemont and granting of the options are subject to
the approval of TSX Venture Exchange. Neither Rosemont nor any of its
principals has an ownership interest, directly or indirectly, in the Company
or its securities except 15,000 shares owned by David Fletcher, nor has the
Company granted Rosemont or its principals any right to acquire such an
interest other than the 300,000 options to Rosemont.
On behalf of the Board of Directors,
"John Barakso"
John Barakso, Secretary/Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
