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Finlay Minerals Ltd
Symbol FYL
Shares Issued 93,274,991
Close 2020-06-30 C$ 0.045
Recent Sedar Documents

Finlay shareholders elect seven directors at AGM

2020-06-30 23:30 ET - News Release

Mr. Robert Brown reports

FINLAY MINERALS LTD. REPORTS ON ITS AGM AND ANNOUNCES THE TERMINATION OF THE ATTY OPTION AGREEMENT

All matters set before the annual general meeting of Finlay Minerals Ltd. on June 26, 2020, were approved by the shareholders. 49,438,630 shares were voted representing 53.0% of the issued and outstanding shares of the Company.

The seven nominees for the Board of Directors were elected and they are: John J. Barakso, Robert F. Brown, Richard T. Dauphinee, Warner Gruenwald, Alvin Jackson, David Schwartz, and Peter Tegart.

Additionally, the reappointment of DeVisser Gray LLP, Chartered Professional Accountants, as auditors for the Company was approved along with the Company's 10% Rolling Stock Option Plan for a further year.

At a Board Meeting subsequent to the Annual General Meeting, the following officers were appointed for a further year:

John J. Barakso   Chairman of the Board              
Robert Brown      President & CEO                    
Richard Dauphinee Chief Financial Officer            
David Schwartz    Corporate Secretary                
Warner Gruenwald  Vice President, Exploration, and   
Ilona Lindsay     Vice President, Corporate Relations

Furthermore, Mssrs. Dauphinee, Jackson and Tegart were appointed to the Audit Committee.

The Company also received notification from Serengeti Resources Inc. (Serengeti) on June 24, 2020 that they were terminating the Option Agreement in regards to the Company's ATTY Property effective immediately.

The ATTY Property is being returned to the Company with ten years of work filed on all the mineral tenures. In addition to the advancement of the mineral tenures, the Company received $51,250 cash and 342,706 shares in Serengeti over the course of the two years of the option agreement.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. The Company's properties are: the Silver Hope Property which 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 Mine (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold; Reference: http://minfile.gov.bc.ca/Summary.aspx?minfilno=093L++001). The Silver Hope Property surrounds the former Equity Silver Mine; the ATTY Property which is contiguous to the north side of the Kemess East deposit and adjacent to the Kemess Underground deposit of Centerra Gold Inc., and the PIL Property, which is adjacent to Sable Resource's Baker Mine, has nine known mineralized zones including the recently discovered and expanded Pillar East gold-silver structural system. The Company is focused on the discovery of copper-gold-molybdenum porphyry systems on the PIL Property.

Qualified Person:

Warner Gruenwald, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

We seek Safe Harbor.

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