Report of Expiration of Common Share Purchase Warrants of Finlay Minerals Ltd.
REPORT OF EXPIRATION OF COMMON
SHARE PURCHASE WARRANTS OF FINLAY
MINERALS LTD.
VANCOUVER, BC
,
Dec. 20, 2024
/CNW/ -
John Andrew Barakso
("
JAB
") reports that on
December
18, 2024
, an aggregate of 13,093,750 common share purchase warrants ("
Warrants
") of Finlay
Minerals Ltd. (the "
Company
") held by JAB and deemed joint actors of JAB expired (the "
Warrant
Expiration
"). Each Warrant was exercisable for one common share of the Company (each, a
"
Common Share
") at a price of
$0.20
per Common Share.
Immediately prior to the Warrant Expiration: (i) JAB had beneficial ownership of 1,965,846 Common
Shares, representing approximately 1.40% of the issued and outstanding Common Shares; (ii)
assuming the exercise in full of the 900,000 stock options exercisable for Common Shares and
1,153,846 Warrants held by JAB, JAB would have beneficially owned or controlled, directly or
indirectly, 4,019,692 Common Shares, representing approximately 2.83% of the issued and
outstanding Common Shares on a partially-diluted basis; (iii) JAB, together with 58,630,805
Common Shares held by deemed joint actors with JAB, had beneficial ownership or control, directly
or indirectly, of 60,595,931 Common Shares, representing approximately 43.25% of the total issued
and outstanding Common Shares; and (iv) assuming the exercise in full of all convertible securities
of the Company held beneficially by JAB and deemed joint actors with JAB, JAB, together with such
deemed joint actors, would have beneficially owned or controlled, directly or indirectly, 75,743,527
Common Shares, representing approximately 48.77% of the issued and outstanding Common
Shares on a partially-diluted basis.
Immediately following the Warrant Expiration: (i) JAB, in a personal capacity, together with the
Common Shares held by deemed joint actors of JAB, had beneficial ownership or control, directly or
indirectly, of 60,595,931 Common Shares, representing approximately 43.25% of the issued and
outstanding Common Shares; and (ii) assuming the exercise in full of the convertible securities of the
Company held by JAB and deemed joint actors with JAB, JAB, together with such deemed joint
actors, would have beneficially owned or controlled, directly or indirectly, 62,649,777 Common
Shares, representing approximately 44.05% of the issued and outstanding Common Shares on a
partially-diluted basis.
The expired Warrants were originally held by JAB and deemed joint actors of JAB for investment
purposes. JAB will evaluate his investments in the Company from time to time and may, based on
such evaluation, market conditions and other circumstances, increase or decrease security holdings
as circumstances require through market transactions, private agreements, or otherwise.
A copy of the related early warning report filed under applicable securities laws is available under
the Company's profile on SEDAR+ (
www.sedarplus.ca
) or from the Company at (604) 684-3099.
"
John A. Barakso
"
JOHN ANDREW BARAKSO
SOURCE
Finlay Minerals Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/December2024/20/c4429.html
%SEDAR: 00018019E
For further information:
JOHN ANDREW BARAKSO, 3768 Sundown Drive, Nanaimo, British
Columbia, V9T 4H5, Telephone: 6046843099
CO: Finlay Minerals Ltd.
CNW 21:44e 20-DEC-24