VANCOUVER, Sept. 14, 2012 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the "Company") reports on its decision to proceed with an amendment to
the term of 1,050,000 warrants from its private placement completed on
October 7, 2010: 600,000 warrants at an exercise price of $0.25
expiring on October 7, 2012 will have their term extended from 24
months to 36 months; the new expiry date of these warrants will be
October 7, 2013. 450,000 warrants, also from its private placement
completed on October 7, 2010, with an exercise price of $0.20 expiring
on October 7, 2012 will have their term extended from 24 months to 36
months; the new expiry date of these warrants will be October 7, 2013.
No amendment to the exercise price will be made to any of these
warrants and all warrant amendments are subject to regulatory
About Finlay Minerals Ltd.
Finlay Minerals is a TSX Venture Exchange company focused on exploration
for base and precious metal deposits in northern British Columbia. The
company's flagship property, Silver Hope, includes porphyry
copper-molybdenum mineralization discovered in 2010, along with three
silver-copper mineralized zones in a contiguous trend with the mined
out deposits of the former Equity Silver Mines (71 million oz. silver,
185 million lbs. copper and 508,000 oz. gold).
On behalf of the Board of Directors,
Robert Brown, P. Eng.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling
and other activities and events or developments that Finlay Minerals
Ltd. ("Finlay") expects to occur, are forward-looking statements.
Forward-looking statements in this news release include statements
regarding the placements and future exploration plans and expenditures.
Although Finlay believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
or developments may differ materially from those forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market
prices, exploration successes, and continued availability of capital
and financing and general economic, market or business conditions.
These statements are based on a number of assumptions including, among
other things, assumptions regarding general business and economic
conditions, the timing and receipt of regulatory and governmental
approvals for the transactions described herein, the ability of Finlay
and other parties to satisfy stock exchange and other regulatory
requirements in a timely manner, the availability of financing for
Finlay's proposed transactions and programs on reasonable terms, and
the ability of third party service providers to deliver services in a
timely manner. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking
statements. Finlay does not assume any obligation to update or revise
its forward-looking statements, whether as a result of new information,
future or otherwise, except as required by applicable law.
SOURCE: Finlay Minerals Ltd.
For further information:
Finlay Minerals Ltd.
John Barakso, Chairman of the Board