Finlay Minerals Ltd. applies to amend warrants
Finlay Minerals Ltd. applies to amend warrants
VANCOUVER
,
April 9, 2018
/CNW/ -
Finlay Minerals Ltd. (TSXV:FYL)
("The Company") reports that it is applying to the TSX Venture
Exchange (the "Exchange") to amend the term of 2,928,572 warrants with an exercise price of
$0.05
and expiring on
April 12, 2018
issued under
its private placement completed on
April 12, 2016
(the "Warrants"). 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
April 12
, 2020. No amendment will be made to the exercise price of the
Warrants. The foregoing amendments are subject to regulatory acceptance by the Exchange.
About Finlay Minerals Ltd.
Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern
British Columbia
. The
Company's properties include:
the
Silver Hope
which includes porphyry copper-molybdenum mineralization discovered in 2010, along with three silver-copper
mineralized zones, in a contiguous trend with the mined-out deposits of the former Equity Silver Mines (71 million oz. silver, 185 million lbs.
copper and 508,000 oz. gold),
the
ATTY
which is contiguous to the north side of the Kemess East deposit of Centerra Gold Inc. and which was recently optioned to
Serengeti Resources (Finlay NR 01-18 dated
March 5, 2018
) and
the
PIL
Property which is adjacent to Sable Resource's Baker Mine.
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
Warner Gruenwald
, P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101, has
supervised the preparation of the information that forms the basis for the scientific and technical information contained in this news release.
On behalf of the Board of Directors,
David Schwartz
,
Corporate Secretary & Director
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.
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. 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.
Forward-looking statements in this news release include statements regarding, among others, the proposed plans to extend warrants.
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 successes, and continued availability of capital and financing and general economic, market or business conditions.
These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general
business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other
parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's
proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely
manner. 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/April2018/09/c3326.html
%SEDAR: 00018019E
For further information:
Finlay Minerals Ltd., John Barakso, Chairman of the Board, Tel: 604-684-3099, [email protected]
CO: Finlay Minerals Ltd.
CNW 05:30e 09-APR-18