Mr. Robert Brown reports
FINLAY MINERALS REPORTS ON ITS ANNUAL GENERAL & SPECIAL MEETING, OFFICER APPOINTMENTS, AND AMENDMENTS TO ITS STOCK OPTION PLAN
All matters set before the annual general and special meeting of Finlay Minerals Ltd., held on Wednesday, June 22, 2022, were approved by the shareholders. An aggregate of 52,519,041 common shares of the company were voted, representing 41.71 per cent of the issued and outstanding common shares.
The seven nominees for the board of directors were elected and they are John A. Barakso, Robert F. Brown, Richard T. Dauphinee, Alvin W. Jackson, Ilona Barakso Lindsay, David A. Schwartz and Kristina Walcott.
Additionally, the reappointment of De Visser Gray LLP, chartered professional accountants, as the auditor for the company was approved by shareholders.
At the meeting, shareholders also approved the amendments to the company's 10-per-cent rolling stock option plan, as described in the company's information circular dated May 18, 2022. The stock option plan was amended to comply with the new TSX Venture Exchange Policy 4.4, Security Based Compensation, as disclosed in the information circular. The amended stock option plan is a 10-per-cent rolling plan and as at the date hereof, 12,591,678 common shares are reserved for issuance under the amended stock option plan (based on an aggregate 125,916,788 issued and outstanding common shares as at the date hereof). There are currently 6.1 million stock options outstanding under the amended stock option plan, exercisable for 6.1 million common shares. The amended stock option plan was conditionally approved by the TSX Venture Exchange on May 26, 2022, and is subject to final acceptance of the TSX Venture Exchange.
At a meeting of the board of directors held subsequent to the meeting, the following officers were appointed for a further year:
- Mr. Brown as president and chief executive officer;
Mr. Dauphinee as chief financial officer;
- Mr. Schwartz as corporate secretary;
- Wade Barnes as vice-president, exploration, and qualified person;
- Ms. Lindsay as vice-president, corporate relations.
About Finlay Minerals Ltd.
Finlay is a TSX-V company focused on exploration for base and precious metal deposits in Northern British Columbia.
Finlay trades under the symbol FYL on the TSX-V.
We seek Safe Harbor.
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