Finlay Minerals arranges $2-million private placement

Executive Summary

• Finlay Minerals Ltd. announced a non‑brokered private placement of flow‑through (FT) units at $0.15 per unit and non‑flow‑through (NFT) units at $0.13 per unit, targeting up to $2 million in gross proceeds.
• The offering has a minimum raise of $800,000 and includes common shares plus warrants exercisable at $0.25 for two years.
• Proceeds will be used for exploration on the SAY, JJB and Silver Hope properties and for general working capital; FT proceeds will qualify as flow‑through critical mineral mining expenditures under Canadian tax law.

Key Details

• Units Offered:
• FT Unit – 1 common share (flow‑through) + ½ non‑flow‑through warrant; price $0.15 per unit.
• NFT Unit – 1 non‑flow‑through common share + 1 warrant; price $0.13 per unit.
• Warrant Terms: One‑share warrant exercisable at $0.25 per NFT share, valid for 2 years from issuance.
• Maximum Gross Proceeds: $2 million; Minimum Offering Amount: $800,000 (any mix of FT and NFT units).
• Use of Proceeds:
• Exploration expenditures on the SAY, JJB, and Silver Hope properties.
• General working capital.
• FT proceeds specifically earmarked for Canadian exploration expenses to qualify as flow‑through critical mineral mining expenditures under the Income Tax Act (Canada).
• Regulatory Basis: Conducted under the listed issuer financing exemption of NI 45‑106 and Coordinated Blanket Order 45‑935; securities will have no hold period.
• Closing Date: Expected on or about October 15, 2025, subject to customary closing conditions including TSX‑V approval.
• Finder’s Fees: Company may pay cash and/or security‑based finders’ fees to arm’s‑length parties, pending TSX‑V approval.

Notable Quotes

(No executive quotes were provided in the release.)