February 19, 2013, Vancouver, British Columbia - John J. Barakso (“Mr. J. Barakso”) announces that on February 7, 2012 he acquired an aggregate of 1,359,524 common shares (the “Shares”) of Finlay Minerals Ltd. (“Finlay”) pursuant to the closing of Finlay’s Private Placement financing. Finlay Minerals Ltd. trades on the TSX Venture Exchange under the symbol: FYL.V. The Shares were acquired at a purchase price of $0.0525 CAD representing an aggregate purchase price of $71,375 CAD.
Mr. J. Barakso further reports that over the course of the previous 12 months he has further acquired 536,500 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 20,236,800 common shares of Finlay representing 37.8% of the issued and outstanding common shares of Finlay. Assuming the exercise of warrants and stock options, Mr. J. Barakso will have control of 25,896,384 common shares of Finlay representing 37.2% of the fully diluted common shares of Finlay.
In addition, Mr. J. Barakso reports that at the completion of Finlay’s IPO in 2002 he controlled directly and indirectly 65% of Finlay’s issued and outstanding common shares. Through dilution over the years, he has variously held from 65% to 35% of Finlay’s issued and outstanding common shares.
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.