Investment by Crescat Capital
VANCOUVER, BC , June 17, 2021 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company) is pleased to announce a proposed non-brokered private placement financing for aggregate gross proceeds of up to $2,000,000 (the "Private Placement"). As part of the Private Placement, Crescat Capital LLC ("Crescat") has agreed to make a strategic investment in the Company and will have the right and option to participate in future financings to maintain its equity interest for a three-year period from the closing date of the Private Placement.
Kevin Smith , Crescat's Founder and Chief Investment Officer stated:
" Crescat's goal, at this stage of the cycle, is to identify and invest in a portfolio of premier exploration assets that the majors will need to replace their reserves after a decade of under-investment. We think Finlay is one of the most exciting silver stories in Canada today. "
Robert Brown , President and CEO of Finlay Minerals Ltd stated:
https://stockhouse.com/news/press-releases/2021/06/17/finlay-minerals-announces-private-placement-financing-with-strategic-investment
VANCOUVER, BC , June 17, 2021 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) ("Finlay" or the "Company) is pleased to announce a proposed non-brokered private placement financing for aggregate gross proceeds of up to $2,000,000 (the "Private Placement"). As part of the Private Placement, Crescat Capital LLC ("Crescat") has agreed to make a strategic investment in the Company and will have the right and option to participate in future financings to maintain its equity interest for a three-year period from the closing date of the Private Placement.
Kevin Smith , Crescat's Founder and Chief Investment Officer stated:
" Crescat's goal, at this stage of the cycle, is to identify and invest in a portfolio of premier exploration assets that the majors will need to replace their reserves after a decade of under-investment. We think Finlay is one of the most exciting silver stories in Canada today. "
Robert Brown , President and CEO of Finlay Minerals Ltd stated: