June 12, 2014, Vancouver, British Columbia - John J. Barakso (“Mr. J. Barakso”) announces that on June 11, 2014 he acquired an aggregate of 2,560,000 common shares (the “Shares”) of Finlay Minerals Ltd. (“Finlay”) pursuant to the closing of Finlay’s private placement financing on June 11, 2014 and through purchase of shares on the open market between June 18, 2013 and June 12, 2014. Finlay Minerals Ltd. trades on the TSX Venture Exchange under the symbol: FYL.V.
The Shares were acquired through a hard cash private placement at a purchase price of $0.05 CAD representing a purchase price of $110,000 CAD and are held directly as well as indirectly through Baril Developments Limited and Electrum Resource Corporation.
Mr. J. Barakso further reports that over the course of the previous year he has further acquired 360,000 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 24,846,824 common shares of Finlay representing 42.1% of the issued and outstanding common shares of Finlay. Assuming the exercise of warrants and stock options, Mr. J. Barakso will have control of 33,406,348 common shares of Finlay representing 43.5% 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.
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John J. Barakso acquires additional Finlay Shares