Finlay Minerals Ltd. has closed a non-brokered private placement of $203,750 through the sale of 4,075,000 units at five cents per unit. Each unit consists of one common share and one share purchase warrant, with a term of 60 months and an exercise price of 10 cents until June 22, 2014.
The units will have a hold period expiring Oct. 24, 2009.
