Finlay Minerals Ltd. announces a $225,000 non-brokered financing to drill the Silver Hope

VANCOUVER, Sept. 23, 2014 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (the "Company") is pleased to announce a flow-through, non-brokered private placement of up to $175,000 (the "FT Financing") which will consist of 2,916,666 units.  Each flow-through unit would consist of 1 common share at $0.06 and one-half share purchase warrant at $0.10.

Additionally the Company is please to announce a concurrent hard cash (non-flow-through), non-brokered private placement of up to $50,000 (the "HC Financing") which will consist of 1,000,000 common shares at $0.05 and one-half share purchase warrant at $0.10.

Both the FT and HC financing's warrants will be exercisable for a term of 24 months and at an exercise price of $0.10; warrant terms will reduce to 30 days if the Company's shares close on the TSX Venture Exchange four months after the date of issue for 20 consecutive trading days at a price of $0.40 per share or higher during the exercise period.  The Company may accelerate the expiry time to 30 calendar days from the date that express written notice is provided by the Company to the holder by way of registered mail.

Finder's fees may be paid on the private placement.

The private placement shares, any shares acquired upon exercise of the warrants, and any securities issued in payment of finder's fees will be subject to a four-month hold period.

The flow-through funds will be used to conduct a 1,200m drill program on the Silver Hope: (CLICK HERE for further details on the Silver Hope Property primary targets.).  The hard cash funds will be used for working capital and administration of the flow-through funds.

About Finlay Minerals Ltd.

Finlay Minerals is a TSX Venture Exchange company focused on exploration for base and precious metal deposits in northern British Columbia. The company's flagship property, the Silver Hope, includes porphyry copper-molybdenum mineralization discovered in 2010, along with three silver-copper mineralized zones in a contiguous trend with the mined out deposits of the former Equity Silver Mines (71 million oz. silver, 185 million lbs. copper and 508,000 oz. gold).

On behalf of the Board of Directors,

Robert F. Brown, P. Eng.
President & CEO

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.

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling and other activities and events or developments that Finlay Minerals Ltd. ("Finlay") expects to occur, are forward-looking statements. Forward-looking statements in this news release include statements regarding the placements and future exploration plans and expenditures. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals for the transactions described herein, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE Finlay Minerals Ltd.