VANCOUVER, April 9, 2018 /CNW/ - Finlay Minerals
Ltd. (TSXV:FYL) ("The Company") reports that it is applying to
the TSX Venture Exchange (the "Exchange") to amend the term of
2,928,572 warrants with an exercise price of $0.05 and expiring on April 12, 2018 issued under its private placement
completed on April 12, 2016 (the
"Warrants"). The Company is applying to extend the term of the
Warrants from 24 months to 48 months; accordingly, the new expiry
date of the Warrants will be April
12, 2020. No amendment will be made to the exercise
price of the Warrants. The foregoing amendments are subject to
regulatory acceptance by the Exchange.
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 Mines (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 East deposit of Centerra Gold Inc. and which was
recently optioned to Serengeti Resources (Finlay NR 01-18 dated
March 5, 2018) and
- the PIL Property which is adjacent to Sable
Resource's Baker Mine.
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
Warner Gruenwald, P. Geo. and
Vice President, Exploration for Finlay and a qualified person as
defined by National Instrument 43-101, has supervised the
preparation of the information that forms the basis for the
scientific and technical information contained in this news
release.
On behalf of the Board of Directors,
David Schwartz,
Corporate Secretary & Director
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 proposed plans to extend warrants.
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.