Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

Executive Summary

• Finlay Minerals Ltd. announced a non‑brokered private placement of flow‑through (FT) and non‑flow‑through (NFT) units targeting up to C$2,000,000 in gross proceeds, with a minimum raise of C$800,000.
• Units are priced at C$0.15 per FT unit and C$0.13 per NFT unit; each unit includes common shares and half‑a‑warrant exercisable at C$0.25 for two years.
• Proceeds will be used to fund exploration on the SAY, JJB, and Silver Hope properties and for general working capital.

Key Details

• Offering Structure
• FT Unit = 1 common share (flow‑through) + ½ non‑flow‑through warrant.
• NFT Unit = 1 non‑flow‑through common share + ½ non‑flow‑through warrant (same terms as FT warrants).
• Pricing & Size
• FT Units: C$0.15 each.
• NFT Units: C$0.13 each.
• Maximum aggregate gross proceeds: C$2,000,000.
• Minimum offering amount: C$800,000 (mix of FT and NFT units permitted).
• Warrant Terms
• Exercise price: C$0.25 per non‑flow‑through share.
• Exercise period: 2 years from issuance date.
• Use of Proceeds
• Exploration expenditures on the SAY, JJB, and Silver Hope properties.
• General working capital needs.
• FT proceeds specifically earmarked for “Canadian exploration expenses” to qualify as flow‑through critical mineral mining expenditures under the Income Tax Act (Canada).
• Closing Timeline
• Expected closing: on or about October 15, 2025.
• Subject to customary closing conditions, including TSX Venture Exchange approval.
• Regulatory & Exemption Basis
• Conducted under the listed issuer financing exemption of NI 45‑106 (Part 5A) and Coordinated Blanket Order 45‑935.
• No hold period required under Canadian securities laws.
• Finder’s Fees
• Company may pay cash or security‑based finder's fees to arm’s‑length finders, subject to TSXV approval.
• Investor Documentation
• Offering document available via SEDAR (www.sedarplus.ca) and company website (www.finlayminerals.com).

Notable Quotes

“The proceeds from this private placement will enable us to advance our high‑potential exploration projects at SAY, JJB and Silver Hope, positioning Finlay for future growth,” – Robert F. Brown, Executive Chairman of the Board.