Finlay Minerals Ltd. Reports on its AGM and Announces the Termination of the ATTY Option Agreement
Finlay Minerals Ltd. Reports on its AGM and
Announces the Termination of the ATTY Option
Agreement
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UNITED STATES
NEWSWIRE SERVICES OR FOR
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VANCOUVER, BC
,
June 30, 2020
/CNW/ -
Finlay Minerals Ltd.
(TSXV: FYL)
("
Finlay
" or the
"
Company
") 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 Jackson
,
David Schwartz
, and
Peter
Tegart
.
Additionally, the reappointment of DeVisser Gray LLP, Chartered Professional Accountants, as
auditors for the Company was approved along with the Company's 10% Rolling Stock Option Plan
for a further year.
At a Board Meeting subsequent to the Annual General Meeting, the following officers were
appointed for a further year:
John J. Barakso
Chairman of the Board
Robert Brown
President & CEO
Richard Dauphinee
Chief Financial Officer
David Schwartz
Corporate Secretary
Warner Gruenwald
Vice President, Exploration, and
Ilona Lindsay
Vice President, Corporate Relations
Furthermore, Mssrs. Dauphinee, Jackson and Tegart were appointed to the Audit Committee.
The Company also received notification from Serengeti Resources Inc. (Serengeti) on
June 24, 2020
that they were terminating the Option Agreement in regards to the Company's ATTY Property
effective immediately.
The ATTY Property is being returned to the Company with ten years of work filed on all the mineral
tenures. In addition to the advancement of the mineral tenures, the Company received
$51,250
cash
and 342,706 shares in Serengeti over the course of the two years of the option agreement.
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 are:
the
Silver Hope
Property 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 Mine (71 million oz. silver, 185 million lbs.
copper and 508,000 oz. gold;
Reference:
http://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001
).
The Silver Hope Property
surrounds the former Equity Silver Mine;
the
ATTY
Property which is contiguous to the north side of the Kemess East deposit and
adjacent to the Kemess Underground deposit of Centerra Gold Inc., and
the
PIL
Property, which is adjacent to Sable Resource's Baker Mine, has nine known
mineralized zones including the recently discovered and expanded Pillar East gold-silver
structural system. The Company is focused on the discovery of copper-gold-molybdenum
porphyry systems on the PIL Property.
Qualified Person:
Warner Gruenwald
, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified
person as defined by National Instrument 43-101, has approved the technical content of this news
release.
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.
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 exploration plans for the Company
properties. 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/June2020/30/c5967.html
%SEDAR: 00018019E
For further information:
Finlay Minerals Ltd., Robert Brown, President & CEO, Tel: 604-684-3099,
CO: Finlay Minerals Ltd.
CNW 22:36e 30-JUN-20