Finlay Minerals Ltd. Announces the Grant of Stock Options
Finlay Minerals Ltd. Announces the Grant of
Stock Options
VANCOUVER, BC
,
Aug. 30, 2021
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL) (the "
Company
")
announces that, pursuant to the Company's 10% Rolling Stock Option Plan (the "
Plan
"), as most
recently re-approved by its shareholders on
June 25, 2021
and submitted for approval to the TSX
Venture Exchange on
July 20, 2021
, the Company has granted stock options exercisable for the
issuance of up to 4,850,000 common shares of the Company (the "
Stock Options
") on
August 30,
2021
. The Stock Options are exercisable at a price of
$0.14
per share for a period of five years,
expiring on
August 30
, 2026. The Stock Options are subject to the terms of the Plan.
The Stock Options were granted to the seven directors of the Company, as elected at the
Company's Annual General Meeting on
June 25, 2021
, and one officer. The Company does not
compensate directors other than by incentive stock options.
The above-noted stock option grant brings the total number of the Company's issued and
outstanding stock options to 6,400,000.
The Stock Options vest as of the date of the grant. The Stock Options and any common shares of
the Company issued upon exercise of the Stock Options will be subject to a four-month resale
restriction from the date of grant of the Stock Options.
About Finlay Minerals Ltd.
Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal
deposits in northern British Columbia. Finlay recently completed a financing of
$1 million
flow-
through, and
$1.64 million
in non-flow-through funds.
Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX Venture Exchange. 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 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.
SOURCE
Finlay Minerals Ltd.
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http://www.newswire.ca/en/releases/archive/August2021/30/c2336.html
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For further information:
Finlay Minerals Ltd., Robert Brown, President & CEO, Tel: 604-684-3099,
CO: Finlay Minerals Ltd.
CNW 21:47e 30-AUG-21