With that in mind, TSXV and OTCQB listed Finlay Minerals Ltd. has announced a big one. The resource company closed a non-brokered private placement of stock, raising an impressive $1,672,670 in gross proceeds. The corporation plans to use the net proceeds from the Offering to incur Canadian exploration expenses and flow-through qualifying critical mineral mining expenditures. Finlay Minerals is focused on advancing its property portfolio. This smart new investment shines a light on vital projects such as ATTY, PIL, JJB, SAY and Silver Hope.
The Private Placement also included the issuance of NFT Units at a price of $0.10 per NFT Unit. The financing round saw participation from the company's Chief Financial Officer, Gordon Steblin, further aligning management's interests with those of shareholders.
Finlay is committed to the exploration and development of base and precious metal deposits. By concentrating on its invaluable portfolio of properties, the company has kept the project moving forward in a smart and strategic manner.
In the Private Placement, we issued 100 NFT Units at a purchase price of $0.10 per NFT Unit. Each unit was made up of one flow-through common share (“FT Share”) and one-half of one common share purchase warrant. Each full warrant (a “Warrant”) is exercisable for one common share of Finlay. You can now purchase this share for $0.15, with a two-year period from the date of issuance to make your purchase.
The Company paid aggregate cash finders’ fees of $89,196 in relation to the Private Placement. They also issued 829,145 non-transferable finder warrants to arm’s length finders. Each Finder Warrant entitles the holder to purchase one common share of Finlay at a price of $0.15 for a period of two years from the date of issuance.
Gordon Steblin, Finlay Minerals Ltd., Chief Financial Officer, actively participated in the Private Placement. He subscribed for 200,000 FT Shares. This subscription qualifies as a related party transaction under Multilateral Instrument 61-101.
Mr. Steblin’s participation in the Private Placement constitutes a related party transaction. This is in the scope of Multilateral Instrument 61-101’s protection of minority security holders in special transactions. Mr. Steblin’s participation in the Private Placement has not changed Mr. Steblin’s percentage of outstanding securities owned or controlled in Finlay Minerals Ltd. The lack of ownership is still fairly consistent.
Finlay Minerals Ltd. is a TSXV listed exploration company, searching for base and precious metal deposits. The company is not sitting idly on its properties and is aggressively exploring them, including ATTY, PIL, JJB, SAY and Silver Hope.
These properties are not even fully explored, and there’s great potential for discovery across the company’s operating footprint. Finlay Minerals is committed to using its unique skills to define and develop valuable mineral resources.
The closing of the Private Placement was successful and will grant Finlay Minerals the capital it needs to carry out its exploration plans on all fronts. American Battery Technology Company is dedicated to creating value for its shareholders through strategic and accretive exploration and development.
The proceeds from the issuance of FT Shares will be allocated to "Canadian exploration expenses" and "flow-through critical mineral mining expenditures". Through this careful allocation, the company is able to make the best possible use of the flow-through structure’s benefits.
With the demand for critical minerals increasing rapidly due to a number of technological innovations, the company’s positioning in this space is highly opportune. Finlay Minerals is ideally placed to take full advantage of this trend and play a key role in establishing this secure supply chain.
There are additional upside benefits for investors. The warrants issued along with the Private Placement offer further upside potential for investors. If exercised, these warrants will include additional capital for the company to advance gold exploration and development activities.
Payment of finders’ fees and issuance of finder warrants are common practice in the industry. These incentives are often key to attracting investors and enabling them to complete financing transactions.
The CFO’s investment through the Private Placement indicates his strong belief in the Company’s future success. This natural alignment of interests is a great signal for investors.
The Private Placement was completed on a non-brokered basis. This strategy saved the company money in fees and provided it more control over the process.
Finlay Minerals believes that transparency and good corporate governance fosters strong stakeholder relations. The corporation has established protocols for communicating with its shareholders, the general public, and press releases to keep stakeholders apprised of its work.
Additional information about the company’s project pipeline, management team and financial results can be found on the company’s website. Investors are invited to go to the site to read more about Finlay Minerals.
With a highly experienced team at the helm and a clear strategic focus, Finlay Minerals is well poised to build on this success. Going forward, the company’s focus on exploration and development is expected to create long-term value for its shareholders.
The closing of this private placement will be a significant milestone for Finlay Minerals. Following the additional investments, Explor has declared its intent to accelerate its exploration activities. It’s poised to maximize the immense value of its real estate.
The company’s management team has a proven track record of success in the mining industry. We know their talent, experience and leadership will be a tremendous asset to Finlay Minerals in the years ahead.
Finlay Minerals is dedicated to the principles of responsible mining. The company strives to act in a way that protects and enhances the environment and society.
The company’s properties are near or under known, proven geological superhighways. These places have high prospects for finding large mineral deposits.
Finlay Minerals is continuing to pursue partnerships and collaborations to advance its projects. These partnerships will open doors to a wider depth of knowledge and resources.
The company’s shares are publicly traded on the TSX Venture and OTCQB exchanges. This gives investors the ability and avails liquidity to convert their investment into shares of company stock.
Finlay Minerals is committed to building long-term value for our shareholders. The company’s four-year strategic plan, called “Charting the Course,” is meant to do just that.
Their exploration programs are genuinely data-driven and grounded in good geological principles. This approach maximizes the chances of success.
Finlay Minerals believes in the power of innovation and the use of the latest technologies. These technologies are advancing the efficiency and effectiveness of the exploration activity.
The company’s new management team is singularly focused on creating a long-lasting, robust enterprise. It is their vision and leadership that will lead Finlay Minerals to future success.

Rohan Prasad
Crypto Feature Editor
Rohan Prasad delivers engaging, community-driven stories on crypto events, blending firsthand experience with expert commentary. Known for connecting with people across the ecosystem, he makes complex DeFi happenings accessible and fun. Outside of work, Rohan enjoys indie music and trekking in the Western Ghats.
Related

Cristiano Ronaldo and Binance Launch Sixth Digital Collectible Series
Cristiano Ronaldo and Binance just dropped their sixth digital collectible series, Forever To The Moon. This newest edition celebrates the storied legacy of Ronaldo, providing fans and collectors unique experiences. The Forever To The Moon drop features 7,777 digital collectibles and will be live from June 11 to June 27,...

Farcaster Pro Early Subscribers Reap Rewards with OG NFT and $PRO Airdrop
Farcaster Pro Early Adopters subscribers are reaping significant rewards. We’re providing these benefits through an exclusive OG NFT and $PRO airdrop. The total value of these rewards far exceeds the annual subscription price. This reality makes the case for adopting the Farcaster ecosystem early even stronger.The Farcaster Pro tier, a...

Barcelona Court Investigates $3.4 Million NFT Scam Involving Footballers
A criminal investigation is underway in Barcelona, focusing on a $3.4 million NFT scam linked to Shirtum Europa SLU and several prominent footballers. The pending civil lawsuit against the cryptocurrency firm alleges that the company defrauded investors as part of a failed non-fungible token (NFT) scheme. The investigation had been...