October 8, 2014, Vancouver, British Columbia - John J. Barakso (“Mr. J. Barakso”) announces that on October 7, 2014 he acquired an aggregate of 2,233,334 common shares (the “Shares”) of Finlay Minerals Ltd. (“Finlay”) pursuant to the closing of Finlay’s private placement financing on October 7, 2014 and through the purchase of shares on the open market between June 12, 2014 and October 7, 2014. Finlay Minerals Ltd. trades on the TSX Venture Exchange under the symbol: FYL.V.
The Shares were acquired through a combined hard cash and flow-through private placement at a purchase price of $0.05 CAD (hard cash) representing proceeds of $35,000 CAD and a purchase price of $0.06 CAD (flow-through) representing proceeds of $89,000.04. Total consideration paid was $124,000.04 and the Shares are held directly as well as indirectly through Baril Developments Limited.
Mr. J. Barakso further reports that over the course of the previous four months he has further acquired 50,000 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 27,080,158 common shares of Finlay representing 43.0% of the issued and outstanding common shares of Finlay. Assuming the exercise of warrants and stock options, Mr. J. Barakso will have control of 33,281,349 common shares of Finlay representing 42.9% 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.