VANCOUVER, Nov. 15, 2017 /CNW/ - Finlay Minerals
Ltd. (TSXV:FYL) (the "Company") announces that, pursuant
to the Company's 10% Rolling Stock Option Plan (the "Plan"),
as approved by its shareholders, the Company has granted stock
options exercisable for the issuance of up to 1,750,000 common
shares of the Company (the "Stock Options"). The Stock
Options are exercisable at a price of $0.10 per share for a period of five years,
expiring on November 15, 2022.
The Stock Options are subject to the terms of the Plan.
The Stock Options were granted to the seven directors of the
Company (as elected at the Company's Annual General Meeting on
June 29, 2017) and to one consultant
of the Company.
The above-noted stock option grant brings the total number of
the Company's issued and outstanding stock options to
3,650,000.
The Stock Options vest as of the date of the grant. The
Stock Options and any common shares of the Company issued upon
exercise of the Stock Options will be subject to a four month
resale restriction from the date of grant of the Stock Options.
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 Mine (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 Underground and Kemess East deposits of AuRico Metals
Inc., and
- the PIL Property.
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.
SOURCE Finlay Minerals Ltd.