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/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
finlay minerals ltd. (TSXV: FYL,OTC:FYMNF) (OTCQB: FYMNF) (“Finlay” or the “Firm”) is happy to announce that it has closed its non-brokered personal placement (the “Non-public Placement”), beforehand introduced on October 6, 2025, consisting of the issuance of: (i) 10,633,999 flow-through models of the Firm (every, a “FT Unit”) at a value of $0.15 per FT Unit, and (ii) 883,000 non-flow-through models of the Firm (every, a “NFT Unit”) at a value of $0.13 per NFT Unit, for combination gross proceeds to the Firm of $1,709,890.
Every FT Unit is comprised of 1 widespread share of the Firm issued on a flow-through foundation underneath the Revenue Tax Act (Canada) (a “FT Share“) and one-half of 1 non-flow-through widespread share buy warrant (every entire warrant, a “Warrant“). Every Warrant is exercisable by the holder thereof to accumulate one non-flow-through widespread share of the Firm (a “NFT Share“) at an train value of $0.25 per NFT Share till October 17, 2027.
Every NFT Unit is comprised of 1 NFT Share and one Warrant with an identical phrases to the Warrants underlying the FT Items.
The Firm intends to make use of the gross proceeds of the Non-public Placement for exploration of the Firm’s SAY, JJB and Silver Hope properties, and for common working capital functions, as extra significantly described within the providing doc for the Non-public Placement. The Firm will use the gross proceeds from the issuance of FT Shares to incur “Canadian exploration bills” and qualify as “flow-through important mineral mining expenditures”, as such phrases are outlined within the Revenue Tax Act (Canada).
The Non-public Placement was carried out pursuant to the listed issuer financing exemption underneath Half 5A of Nationwide Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Sure Situations of the Listed Issuer Financing Exemption. The securities issued to purchasers within the Non-public Placement aren’t topic to a maintain interval underneath relevant Canadian securities legal guidelines. The Non-public Placement is topic to closing approval of the TSX Enterprise Alternate.
The Firm paid combination money finder’s charges of $96,550.78 and issued 648,358 non-transferable finder warrants (every a “Finder Warrant“) to arm’s size finders of the Firm, as compensation for figuring out purchasers within the Non-public Placement. Every Finder Warrant entitles the holder thereof to buy one NFT Share at an train value of $0.25 per NFT Share till October 17, 2027. The Finder Warrants and the NFT Shares issued on train thereof are topic to a maintain interval expiring on February 18, 2026 in accordance with relevant securities legal guidelines.
This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in america or in another jurisdiction wherein such supply, solicitation or sale could be illegal. The securities haven’t been registered underneath the United States Securities Act of 1933, as amended, and might not be supplied or offered in america absent registration or an relevant exemption from the registration necessities thereunder.
About finlay minerals ltd.
Finlay is a TSXV firm targeted on exploration for base and valuable metallic deposits by the development of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets inside completely different porphyry districts of northern and central BC. The entire properties are situated in areas of latest copper-gold porphyry discoveries.
Finlay trades underneath the image “FYL” on the TSXV and underneath the image “FYMNF” on the OTCQB. For additional data and particulars, please go to the Firm’s web site at www.finlayminerals.com
On behalf of the Board of Administrators,
Robert F. Brown,
Government Chairman of the Board
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this launch.
Ahead-Trying Data: This information launch consists of sure “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) throughout the that means of relevant Canadian securities laws. All statements on this information launch that deal with occasions or developments that we anticipate to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are usually, though not all the time, recognized by phrases corresponding to “anticipate”, “plan”, “anticipate”, “undertaking”, “goal”, “potential”, “schedule”, “forecast”, “price range”, “estimate”, “intend” or “imagine” and related expressions or their unfavorable connotations, or that occasions or situations “will”, “would”, “could”, “might”, “ought to” or “may” happen. All such forward-looking statements are based mostly on the opinions and estimates of administration as of the date such statements are made. Ahead-looking statements on this information launch embrace statements relating to, amongst others, the ultimate approval for the Non-public Placement from the TSXV and the deliberate use of proceeds for the Non-public Placement. Though Finlay believes the expectations expressed in such forward-looking statements are based mostly on affordable assumptions, such statements aren’t ensures of future efficiency and precise outcomes or developments could differ materially from these forward-looking statements. Components that would trigger precise outcomes to vary materially from these in forward-looking statements embrace the power to acquire regulatory approval for the Non-public Placement, the state of fairness markets in Canada and different jurisdictions, market costs, exploration successes, and continued availability of capital and financing and common financial, market or enterprise situations. These forward-looking statements are based mostly on a lot of assumptions together with, amongst different issues, assumptions relating to common enterprise and financial situations, the timing and receipt of regulatory and governmental approvals, the power of Finlay and different events to fulfill inventory alternate and different regulatory necessities in a well timed method, the supply of financing for Finlay’s proposed transactions and packages on affordable phrases, and the power of third-party service suppliers to ship providers in a well timed method. Traders are cautioned that any such statements aren’t ensures of future efficiency and precise outcomes or developments could differ materially from these projected within the forward-looking statements, and accordingly undue reliance shouldn’t be placed on such statements because of the inherent uncertainty therein. Finlay doesn’t assume any obligation to replace or revise its forward-looking statements, whether or not on account of new data, future or in any other case, besides as required by relevant legislation.
SOURCE finlay minerals ltd.
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