Tag: mining industry

Finlay Minerals Closes $1.67M Private Placement: What's Next?

Finlay Minerals Closes $1.67M Private Placement: What's Next?

Finlay Minerals has closed its non-brokered private placement for gross proceeds of $1,672,670. The TSX Venture Exchange (TSXV) has only recently approved the issuance of 11,206,088 common shares on a flow-through basis. Furthermore, they approved 4,400,000 non-flow-through units. This bold move will allow for aggressive exploration. We’re concentrating our efforts...

Finlay Minerals' Private Placement Smart Move or Risky Gamble?

Finlay Minerals' Private Placement Smart Move or Risky Gamble?

Finlay Minerals is just coming off the wire from closing a $1.67M private placement. Good news, right? More cash in the treasury. But before everyone rushes off to start their plug-ins, let’s slam the brakes for a second. Did they truly obtain the greatest value possible for shareholders, or did...