Finlay Minerals Launches $2M Private Placement for Exploration
Finlay Minerals Ltd. (TSXV: FYL, OTC: FYMNF), a British Columbia-based explorer of base and precious metal deposits, is launching a non-brokered private placement to raise up to $2,000,000. The placement, subject to TSX Venture Exchange approval, consists of flow-through movie units (FT Units) and non-flow-through movie units (NFT Units).
The FT Units, priced at $0.15 each, include one flow-through share and one-half of one warrant, exercisable at $0.25 for two years. The NFT Units, priced at $0.13 each, include one non-flow-through share and one warrant with identical terms to the FT Unit warrants. Proceeds will fund exploration on the SAY, JJB, and Silver Hope properties, as well as general working capital.
The private placement is subject to finder's fees, though specifics on which companies will receive these fees are not yet public. Closing is expected on or about October 15, 2025. The flow-through shares will be used to incur 'Canadian exploration expenses' and qualify as 'flow-through critical mineral mining expenditures'.
Finlay Minerals Ltd. aims to raise $2,000,000 through a private placement of FT Units and NFT Units. Funds will support exploration and working capital. The placement is subject to TSXV approval and finder's fees, with closing expected in mid-October.
Read also:
- Setting Up and Expanding Operations at a Soil Blending Facility
- Surveying the Scene: Legality, Drones, and American Anti-Terror Strategy
- Regional University's healthcare system strengthened through collaborative partnership with Chancellor Dr Fiona Hill
- Reminisced University Trustee David M. Flaum as a 'fervent advocate' for the University and community
