Mr. John Barakso reports
On June 14, 2013, John J. Barakso acquired an aggregate of 2.05 million common shares of Finlay Minerals Ltd. pursuant to the closing of Finlay's non-brokered private
placement financing on June 14, 2013, and through purchases of shares on
the open market between Feb. 19 and May 7, 2013. Finlay Minerals trades on the
TSX Venture Exchange under the symbol FYL.V.
The shares that were acquired through the hard-cash private placement were acquired at a
purchase price of six cents, representing an aggregate purchase price of $81,780, and are held within Baril Developments. The flow-through shares were
acquired at a purchase price of eight cents, representing an aggregate purchase price of
$42,960, and are held directly.
Mr. Barakso further reports that over the course of the previous four months he has further
acquired 150,000 common shares through purchases on the public market. Mr. Barakso
has not disposed of any Finlay common shares since Finlay went public in 2002. Mr. Barakso now controls 22,286,824 common shares of Finlay, representing 39.4 per cent of the
issued and outstanding common shares of Finlay. Assuming the exercise of warrants and
stock options, Mr. Barakso will have control of 28,896,348 common shares of Finlay,
representing 39.6 per cent of the fully diluted common shares of Finlay.
The common shares of Finlay were acquired by Mr. Barakso for investment purposes.
Depending on Mr. Barakso's investment decisions, he may choose to purchase additional
shares on the open market or in private transactions.
Mr. Barakso is Finlay's founder, director and chairman of the board.
For further information concerning the foregoing or to obtain a copy of the early
warning report, please contact Mr. Barakso at 604-684-5133.
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