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Finlay Minerals (TSXV: FYL) Increases Private Placement to CAD 1.7 million to Support Exploration in British Columbia
Highlights
Finlay Minerals Ltd. (TSXV: FYL, OTCQB: FYMNF) is a Canadian exploration company focused on advancing base and precious metal projects in British Columbia. Its portfolio includes multiple copper-gold porphyry and epithermal targets across northern and central parts of the province.
The company has announced an increase in the size of its previously disclosed non-brokered private placement, raising the maximum total to CAD 1.7 million. The decision follows higher-than-anticipated investor interest in the offering, which was initially announced on May 26, 2025.
The financing will consist of a combination of flow-through (FT) shares and non-flow-through (NFT) units. FT shares will be issued at a price of CAD 0.11 per share, while NFT units will be offered at CAD 0.10 per unit. Each NFT unit comprises one common share and one share purchase warrant. The company has set a minimum subscription threshold of CAD 500,000 for the placement, to be raised through any combination of FT shares and NFT units.
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