Finlay Minerals Ltd. announced a non-brokered private placement of up to 3,333,333 flow-through units at a price of CAD 0.06 per unit and 6,000,000 non-flow through units at a price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on May 8, 2023. Each flow-through unit consists of one common share and one-half of flow-through warrant and each non flow-through unit consist of one non-flow-through common share and one-half of a unit warrant. Each whole unit warrant will entitle the holder thereof to acquire one additional non-flow-through common share at an exercise price of CAD 0.10 per warrant share for a period of 24 months from the closing of the transaction.

The transaction is expected to close on or about May 26, 2023. The transaction is subject to approval of TSXV.