VANCOUVER, BC, Aug. 30, 2021 /CNW/ - Finlay Minerals Ltd.
(TSXV: FYL) (the "Company") announces that, pursuant to
the Company's 10% Rolling Stock Option Plan (the "Plan"), as
most recently re-approved by its shareholders on June 25, 2021 and submitted for approval to the
TSX Venture Exchange on July 20,
2021, the Company has granted stock options exercisable for
the issuance of up to 4,850,000 common shares of the Company (the
"Stock Options") on August 30,
2021. The Stock Options are exercisable at a price of
$0.14 per share for a period of five
years, expiring on August 30,
2026. The Stock Options are subject to the terms of the
Plan.
The Stock Options were granted to the seven directors of the
Company, as elected at the Company's Annual General Meeting on
June 25, 2021, and one officer.
The Company does not compensate directors other than by incentive
stock options.
The above-noted stock option grant brings the total number of
the Company's issued and outstanding stock options to
6,400,000.
The Stock Options vest as of the date of the grant. The
Stock Options and any common shares of the Company issued upon
exercise of the Stock Options will be subject to a four-month
resale restriction from the date of grant of the Stock Options.
About Finlay Minerals Ltd.
Finlay is a TSX Venture Exchange company focused on exploration
for base and precious metal deposits in northern British
Columbia. Finlay recently completed a financing of
$1 million flow-through, and
$1.64 million in non-flow-through
funds.
Finlay Minerals Ltd. trades under the symbol "FYL" on the TSX
Venture Exchange. For further information and details please visit
the Company's website at: www.finlayminerals.com.
On behalf of the Board of Directors,
Robert F. 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.
SOURCE Finlay Minerals Ltd.