John J. Barakso (“Mr. J. Barakso”) announces that on June 14, 2013 he acquired an aggregate of 2,050,000 common shares (the “Shares”) of Finlay Minerals Ltd. (“Finlay”) pursuant to the closing of Finlay’s private placement, non-brokered financing on June 14, 2013 and through purchase of shares on the open market between February 19 and May 7, 2013. Finlay Minerals Ltd. 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 $0.06 CAD representing an aggregate purchase price of $81,780 CAD and are held within Baril Developments. The acquisition of flow-through Shares were acquired at a purchase private of $0.08 CAD representing an aggregate purchase price of $42,960 CAD and are held directly.
Mr. J. Barakso further reports that over the course of the previous 4 months he has further acquired 150,000 common shares through purchases on the public market. Mr. J. Barakso has not disposed of any Finlay common shares since Finlay went public in 2002. Mr. J. Barakso now controls 22,286,824 common shares of Finlay representing 39.4% of the issued and outstanding common shares of Finlay. Assuming the exercise of warrants and stock options, Mr. J. Barakso will have control of 28,896,348 common shares of Finlay representing 39.6% of the fully diluted common shares of Finlay.
The common shares of Finlay were acquired by Mr. J. Barakso for investment purposes. Depending on Mr. J. Barakso’s investment decisions, he may choose to purchase additional shares on the open market or in private transactions.
Mr. J. Barakso is Finlay’s founder, director and Chairman of the Board.
For further information concerning the foregoing or to obtain a copy of the subject Early Warning Report, please contact:
John. J. Barakso
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.