Finlay Minerals Ltd. is pleased to report that all matters set before the Annual General Meeting of the Company on Friday, June 26, 2020 were approved by the shareholders. 49,438,630 shares were voted representing 53.0% of the issued and outstanding shares of the Company. The seven nominees for the Board of Directors were elected and they are: John J. Barakso, Robert F. Brown, Richard T. Dauphinee, Warner Gruenwald, Alvin [...]
Finlay Minerals Ltd. is pleased to provide an update to the Company's exploration plans for its PIL and Silver Hope Properties and to report on its 2019 exploration results. The Company raised $500,000 cash, and $500,000 flow-through funds by way of a private placement financing in late 2019 . The $500,000 cash will be used for general corporate and operating working capital, while the $500,000 in FT funds will be used in [...]
Finlay Minerals Ltd. is pleased to announce that, further to the Company's news release dated November 21, 2019, the Company has closed, subject to receipt of final approval from the TSX Venture Exchange , its private placement financing for total proceeds of $1,000,000 . The Private Placement consisted of the issuance of: a total of 10,000,000 units , at a price of $0.05 per Unit, with each Unit comprising one common [...]
Finlay Minerals Ltd. reports it has outlined 2020 exploration plans for the Silver Hope and PIL projects to include deep core drilling, a gravity survey and deep-penetrating induced polarization 3D geophysics. Focus will be on the deep-seated sources of known surface and shallow alteration and mineralization discovered historically and by Finlay's exploration efforts. The Company expects to fund the 2020 exploration [...]
Finlay Minerals Ltd. is pleased to announce that the Company intends to conduct a private placement financing to raise gross proceeds of up to $1,000,000 . The Private Placement will consist of: up to 10,000,000 units at a price of $0.05 per Unit, with each Unit comprising one common share of the Company and one common share purchase warrant ; and up to 6,250,000 units, at a price of $0.08 per FT Unit, with each FT Unit [...]
Finlay Minerals Ltd. announces that, pursuant to the Company's 10% Rolling Stock Option Plan , as most recently re-approved by its shareholders on July 5, 2019 and accepted for filing by the TSX Venture Exchange on July 11, 2019, the Company has granted stock options exercisable for the issuance of up to 400,000 common shares of the Company on July 16, 2019. The Stock Options are exercisable at a price of $0.05 per share [...]
Finlay Minerals Ltd. reports that it is applying to the TSX Venture Exchange to amend the term of 1,666,666 warrants with an exercise price of $0.10 and expiring on August 2, 2019 issued under its private placement completed on August 2, 2017 . The Company is applying to extend the term of the Warrants from 24 months to 48 months; accordingly, the new expiry date of the Warrants will be August 2, 2021. No amendment will [...]
Finlay Minerals Ltd. announces the appointment of Alvin Jackson as Director, effective May 21, 2019, and the retirement of James Tutton as Director effective May 16, 2019. The Company would like to thank Mr. Tutton for his long service as Director, and formerly as Chief Financial Officer, and wishes him the very best. The Company welcomes Mr. Alvin Jackson as an Independent Director of the Company. Mr. Jackson has over [...]
Finlay Minerals Ltd. is pleased to report the completion of deep-penetrating 3D Induced Polarization , Magnetotelluric and soil geochemical surveys at its 100%-owned Silver Hope Property in central British Columbia. Highlights: The deep Volterra 3D IP / resistivity and associated MT survey revealed deep targets starting at 500 metre depths and extending to +600m below the MAIN/DEEP HORIZON stock-work and vein [...]
Finlay Minerals Ltd. reports that Serengeti Resources Inc. has fulfilled the first anniversary financial requirements in regards to the option agreement of its ATTY Property. The option agreement, which was entered into in March, 2018 , has an 8 year term and is now in its second year. The Company looks forward to Serengeti's summer program on the ATTY with a minimum of $875,000 of work to be conducted. The results of the [...]
VANCOUVER, Oct. 31, 2018 /CNW/ - Finlay Minerals Ltd. is pleased to report that deep-penetrating induced polarization and magnetotellurics geophysical surveys have commenced at its 100% owned Silver Hope Property in central British Columbia. Since 2010, the drilling of geophysical anomalies at the Silver Hope has successfully led to the discovery of the West Horizon copper-molybdenum porphyry, and to the deep-seated [...]
Finlay Minerals Ltd. reports that John Barakso, Chairman of the Board, Director and Control Person of the Company, has exercised 2,857,143 share purchase warrants held by Baril Developments Ltd. . The Warrants, exercisable at $0.05 and expiring in April, 2020, resulted in the issuance of 2,857,143 common shares to Baril for consideration paid to the Company of $142,857.15. Mr. Barakso will not be selling the common [...]
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