Finlay Minerals Announces an Application to Amend Warrant Price
FINLAY MINERALS ANNOUNCES AN
APPLICATION TO AMEND WARRANT PRICE
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
June 7, 2023
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) ("
Finlay
" or the
"
Company
") reports that it is applying to the TSX Venture Exchange (the "Exchange") to amend the
price of 26,444,748 warrants with an exercise price of
$0.135
and expiring on
July 9, 2023
issued
under its private placement completed on
July 9, 2021
(the "Warrants"). See the Company's press
release dated
July 12, 2021
(available on SEDAR) for more information regarding the private
placement.
The Company is applying to amend the warrant price from
$0.135
to
$0.05
. The foregoing
amendments are subject to regulatory acceptance by the Exchange. In accordance with Exchange
policies prohibiting warrants issued as agent, broker or finders' warrants in compensation for
services ("Compensation Warrants"), those Compensation Warrants in the series are not being re-
priced.
The Company further reports that none of the proposed amended warrants are held by directors,
officers or control persons of the Company.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits in northern
British Columbia
.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB.
For further information and details, please visit the Company's website at
www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown
, P. Eng.
President & CEO
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
This news release includes certain "forward-looking information"
and "forward-looking statements" (collectively, "
forward-looking statements
") within the meaning
of applicable Canadian securities legislation, including statements with respect to the regulatory
acceptance of the Warrant amendments by the Exchange. All statements in this news release that
address events or developments that we expect to occur in the future are forward-looking
statements. Forward-looking statements are statements that are not historical facts and are
generally, although not always, identified by words such as "expect", "plan", "anticipate", "project",
"target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar
expressions or their negative connotations, or that events or conditions "will", "would", "may",
"could", "should" or "might" occur. All such forward-looking statements are based on the opinions
and estimates of management as of the date such statements are made. Although Finlay believes
the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking statements include market
prices, exploration results, availability of capital and financing and general economic, market or
business conditions, and the other risk factors described in Finlay's filings with Canadian securities
regulators on SEDAR at
www.sedar.com
. These forward-looking statements are based on a
number of assumptions including, among other things, the timing and receipt of regulatory and
governmental approvals,including regulatory acceptance of the Warrant amendments by the
Exchange. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the
forward-looking statements. Finlay does not assume any obligation to update or revise its forward-
looking statements, whether as a result of new information, future or otherwise, except as required
by applicable law.
SOURCE
Finlay Minerals Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/June2023/07/c5834.html
%SEDAR: 00018019E
For further information:
Finlay Minerals Ltd., Robert Brown, President & CEO, Tel: 604-684-3099,
CO: Finlay Minerals Ltd.
CNW 19:46e 07-JUN-23