Finlay Minerals Ltd. engages Investing News Network
The Company has engaged INN to provide advertising, profile generation, press release syndication, and lead generation through their website. The contract was entered into on March 31, 2025 with a start date of May 30, 2025 for a 12-month period for total costs of $26,275.20. There are no performance factors contained in the agreement in respect of INN's engagement, and INN will not receive common shares or options of the Company as compensation. INN's engagement is subject to the approval of the TSX Venture Exchange.
INN is a private company headquartered in Vancouver, Canada, and is an arms-length organization to the Company. Neither INN nor any of its principals have an interest, directly or indirectly, in the securities of the Company.
About Finlay Minerals Ltd.
Finlay is a TSXV company focused on exploration for base and precious metal deposits with five 100% owned properties in northern British Columbia: the PIL and ATTY properties in the Toodoggone (13,374 hectares ("ha")), the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag & the JJB Cu Properties (41,655 ha) in the Bear Lake Corridor. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.
The PIL and ATTY Properties are fully and sole funded by Freeport-McMoRan through 6-year Earn-In Agreements; the JJB, SAY and Silver Hope 2025 exploration programs are fully funded by Finlay.
Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at www.finlayminerals.com
On behalf of the Board of Directors,
Robert F. Brown, P. Eng.
President, Executive Chairman of the Board & Director
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, corporate plans. 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 forward-looking 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, 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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Vancouver Sun
an hour ago
- Vancouver Sun
Opinion: Ireland provides a blueprint to boost Canadian productivity
In June, a delegation of 27 Canadian business, labour and post-secondary leaders travelled to Ireland to study how the nation secured its position as the European Union's leader in workforce development and skills training. Ireland's success in establishing co-ordinated, industry-driven training programs has delivered substantial economic benefits for workers and the broader economy. With 5.5 million residents — similar to B.C.'s population — this dynamic country provides important insights for Canada as Prime Minister Mark Carney seeks to establish Canada as the G7's fastest-growing economy. Ireland's extraordinary productivity achievements — ranking first in the OECD while Canada is 18th — stand in sharp contrast to our stagnant and marginally declining wealth creation per worker. A daily roundup of Opinion pieces from the Sun and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Informed Opinion will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Ireland has emerged as a global productivity leader, securing substantial foreign investment and maintaining full employment. The nation has successfully diversified its economy, establishing itself as a major exporter of technology services while building a sophisticated biopharmaceutical industry. Currently, it is applying these strategies to construction, addressing housing affordability challenges similar to Canada's. These accomplishments result from deliberate strategic investments in worker up-skilling and re-skilling, led by organizations such as Skillnet Ireland and Enterprise Ireland. Canada has long lamented its relatively poor labour productivity performance among developed nations, at US$71.90 PPP (purchasing power parity) compared to Ireland's US$162.50 PPP in 2022). We cannot continue accepting this underperformance. Our productivity challenges stem largely from Canada's long-standing practice of disconnecting training from industry and actual workplaces, including small- and medium-sized enterprises — the foundation of Canada's economy and employment. Canada's skills training faces frequent criticism for being fragmented and overly jurisdictional, with provincial barriers that struggle to recognize equivalent domestic credentials and inadequate systems for evaluating the international qualifications of newcomers. Despite some recent improvements, we must adopt smarter and more ambitious approaches to achieve substantial, rapid progress in wealth generation through strategic 'nation building' investments from both public and private sectors. Skillnet Ireland demonstrates how public-private collaboration can create responsive, industry-led training systems. The Irish approach ensures workers develop skills that employers actually require, promoting both individual career advancement and national economic competitiveness. While Canada provides young people with solid foundations in literacy, numeracy, and interpersonal skills through high school, the country often fails to align post-secondary and skills training systems with labour market demands. This disconnect has been especially pronounced in sectors like construction, where skilled trades shortages threaten our capacity to complete major transportation, energy, and institutional infrastructure projects while hampering efforts to build affordable housing quickly. British Columbia's construction industry, trade unions, and post-secondary institutions should adopt Ireland's collaborative training model. Their tripartite system receives government support while maintaining greater industry-led decision making and independence through direct, sustainable funding through national payroll contributions. If Canadians collaborated more effectively to recruit, train and up-skill workers in high-demand trades, we could finally address the persistent labour shortages we have discussed for years. This would enable Canada's major employers and governments to deliver large-scale infrastructure projects more reliably and cost-effectively. Canada has failed to adequately replace retiring construction workers, with insufficient numbers entering relatively rigid, traditional trades training programs. Meanwhile, Ireland's government, industry associations, and unions are embracing technologies associated with modern methods of construction through substantial capacity-building investments. Canada's recent throne speech committed our manufacturing sector to producing new building technologies, including scaled production of modular building components. Strategic investments in lifelong learning, targeted re-skilling, and industry-education partnerships could dramatically improve our labour productivity. Ireland, known as the 'night course capital of Europe,' has cultivated a culture of continuous, industry-supported learning, proving that sustained workforce investment yields significant returns. This represents Canada's most pressing challenge — better preparing young people and current workers for future demands while facing potential major tariff barriers from our primary trading partner. Ireland's dedication to workforce development and skills training offers valuable lessons. Rather than resisting more direct industry-led approaches, we should embrace training that meets actual needs while positioning people for well-paid and fulfilling careers. To achieve G7 leadership in economic growth, workforce productivity must become central to our national strategy. Ireland's example is unmistakable: a skilled, adaptable workforce committed to continuous learning and up-skilling represents more than an economic advantage — it is the cornerstone of enhanced prosperity. Chris Atchison is president of the B.C. Construction Association. Rob Fleming is former B.C. minister of transportation and infrastructure. Matt Pitcairn is president of the B.C. Roadbuilders and Heavy Construction Association. Chris Wasilenchuk is president of the Construction, Maintenance and Allied Workers of Canada. Colin Ewart is former president of B.C. Colleges.
Cision Canada
2 hours ago
- Cision Canada
BIRKS GROUP COMPLETES THE ACQUISITION OF THE WATCH AND JEWELLERY BUSINESS OF EUROPEAN BOUTIQUE AND RELATED DEBT FINANCING AMENDMENTS Français
All figures presented herein are in Canadian dollars. MONTREAL, July 8, 2025 /CNW/ - Birks Group Inc. (the "Company", "Birks Group" or "we") (NYSE American LLC: BGI) is pleased to announce that, further to its June 9, 2025 announcement, it has completed the acquisition (the "Acquisition") of the luxury watch and jewellery business of European Boutique ("European") from its founders, the Sutkiewicz family, for a purchase price of $9,000,000, subject to customary adjustments. Headquartered in Toronto, European operates stores at the Yorkdale, Square One, Toronto Eaton Center and Sherway Garden malls, consisting of four European Boutique multi-brand luxury watch and jewellery stores, three mono-brand boutiques for luxury brands OMEGA, Breitling, and Montblanc, as well as integrated storefronts for luxury brands such as TAG Heuer, GUCCI, and Diamonds Direct. In addition to its brick-and-mortar stores, European operates a national e-commerce website at which offers a wide selection of watches and jewellery across Canada. As a part of the Acquisition, Birks Group has also entered into a licensing agreement to operate the Canadian brand Diamonds Direct® ( Jean-Christophe Bédos, President and CEO of Birks Group, commented: "We are delighted to complete the acquisition of European. The European stores have prime locations in important malls in the Greater Toronto Area and carry high-end luxury brands which will complement Birks Group's offering. We now enter into a period of transition where we will be liaising closely with the European team and we look forward to welcoming Jordan Sutkiewicz, Michelle Ceresney and European's employees to the Birks family." Eric Sutkiewicz, Lynn Sutkiewicz, Jordan Sutkiewicz and Michelle Ceresney, the former owners of European, commented: "After nearly 50 wonderful years of serving our loyal clients, we are proud to have sold our family business to Birks Group, a well-respected and trusted pan-Canadian retailer of fine jewellery, watches and gifts that shares the same commitment to quality and customer service as European. We would like to thank all of our team, colleagues, partners and friends at European for their dedication and support. We wish them much success under the leadership of Birks Group." In connection with the Acquisition and as previously announced, Birks Group also obtained an additional term loan of $13.5 million (the "Incremental Loan") with SLR Credit Solutions ("SLR"), one of the Company's current senior lenders. The Incremental Loan bears interest at the same rate as our current $12.5 million term loan with SLR which is CORRA plus (i) a CORRA adjustment of 0.32% and (ii) 7.75%, and it will be repayable, in full, on December 24, 2026. A portion of the proceeds from the Incremental Loan were used by the Company to fund the purchase price for the Acquisition and the balance of the proceeds will be used to fund ordinary course working capital. The Company also entered into a loan agreement for $3.75 million of additional indebtedness (the "Loan Agreement") with Mangrove Holding S.A., one of the Company's controlling shareholders. The Loan Agreement bears annual interest at 15% and it will be repayable, in full, on December 24, 2026. The proceeds from the Loan Agreement will be used to fund ordinary course working capital. Rebecca Tarby, Senior Managing Director of SLR, commented: "Birks Group and SLR have enjoyed a long-term business relationship for over 15 years, and we are pleased to support Birks Group's continued growth and success." The Company continues to be actively engaged in identifying alternative transactions to continue pursuing its strategic goals including raising additional funds through public or private equity, debt financing, and the completion of strategic acquisitions. About Birks Group Inc. Birks Group is a leading designer of fine jewellery and an operator of luxury jewellery, timepieces and gifts retail stores in Canada. The Company operates 17 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Graff brand, one retail location in Vancouver under the Patek Philippe brand, and three retail locations in Laval, Ottawa and Toronto under the Breitling brand. Birks was founded in 1879 and has become Canada's premier designer and retailer of fine jewellery, timepieces and gifts. Additional information can be found on Birks' web site, About European Boutique European Boutique is a luxury retailer of watches, jewellery and diamonds with a national e-commerce platform and brick-and-mortar stores throughout the Greater Toronto Area. European operates four stores under the European Boutique trade-name, three mono-brand boutiques in partnership with OMEGA, Breitling and Montblanc, storefronts on behalf of brands such as TAG Heuer, GUCCI, and Diamonds Direct ( as well as a national e-commerce website, About SLR Credit Solutions SLR Credit Solutions (f/k/a Crystal Financial), a portfolio company of SLR Investment Corp., is a leading provider of direct private credit focused on originating, underwriting, and managing asset-based financings. Forward Looking Statements This press release contains "forward-looking" statements regarding, among other things, the use of proceeds of the Incremental Loan and the Loan Agreement beyond the purchase price. Forward looking statements can be identified, for example, by their use of words such as: "plans," "expects," "believes," "will," "anticipates," "intends," "projects," "estimates," "could," "would," "may," "planned," "goal," and other words of similar meaning. All statements that address expectations, possibilities or projections about the future and all statements in this press release other than statements of historical fact are forward-looking statements. Because such statements include various risks and uncertainties, actual results might differ materially from those projected in forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. Risks and uncertainties include, but are not limited to the following: (i) we may be unable to maintain and obtain sufficient sources of liquidity to fund our operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement our business strategy, to maintain relationships with our primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company's merchandise, to compete with other jewellers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program, all of which could affect our ability to execute our strategic vision; (ii) we may be unable to invest in and finance capital expenditures; (iii) we may be unable to maintain our listing on the NYSE American exchange or to list our shares on another national securities exchange; and (iv) our ability to continue as a going concern. Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions "Risk Factors" and "Operating and Financial Review and Prospects" and elsewhere in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 16, 2024, as amended on July 18, 2024, and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. For all press and media inquiries, please contact: [email protected]
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Manitoba paid $3.4M for U.S. booze currently in storage
The Manitoba government is sitting on millions of dollars worth of American booze it paid for then refused to sell after the U.S. threatened to launch a trade war on Canada. Manitoba Liquor and Lotteries Corp. said the price it paid for the U.S. booze, the 'duty paid landed cost,' is $3.4 million. It couldn't provide its retail value but pointed to the MLLC 2023-24 annual report that noted the gross profit margin for liquor products was 52 per cent that fiscal year. Premier Wab Kinew announced Feb. 2 that Manitoba Liquor Marts would pull U.S. products from store shelves after U.S. President Donald Trump threatened to impose crippling tariffs on Canadian imports. FREE PRESS FILES The Manitoba government is sitting on millions of dollars worth of American booze it paid for then refused to sell after the U.S. threatened to launch a trade war on Canada. FREE PRESS FILES Manitoba's Crown liquor retailer also halted orders of American products, which Kinew said would take an $80-million bite annually out of the U.S. economy. The ban on products made in the U.S. included 409 spirits, 341 wines as well as beers and other tipples bought and paid for by the publicly owned corporation. 'The retail value of that $3.4 million must be several times that if you include the massive markups that the government adds to it plus the taxes,' said Markus Buchart, a former provincial economist who filed freedom of information requests in March. 'Its retail value is probably $10 million or more.' Liquor and Lotteries estimated the costs associated with the removal of American products from Liquor Mart shelves during February and March — overtime costs, additional labour costs and lost revenue from marketing programs — are estimated at $70,099.12. It said it is utilizing existing warehouse space to store the affected products. Stopping the purchase of U.S. products would have an effect on American producers, but storing products that were already paid for hurts the Crown corporation through lost sales and the province through lost tax revenue, Buchart said. 'Its retail value is probably $10 million or more.'–Markus Buchart 'That got me wondering, how much existing stock is there? What if this trade war goes on for years, which it could. What are they going to do with it? It must use a lot of space and some of it will spoil, probably, or be broken,' said the former economist who worked for Manitoba Finance in the 1980s and '90s. The ongoing costs associated with the removal of U.S. liquor products will depend on the length of time these products remain unavailable for sale, the Crown corporation said in response to the freedom of information request. It did not immediately respond to a request for comment Tuesday regarding how long it expects to store the U.S. booze. 'These products have a very long shelf life,' a Liquor Marts spokesperson said in an April 3 email to the Free Press. 'The situation with the U.S. is changing on a daily basis, and we remain very active in business planning with regards to these products in the event the trade dispute continues long term.' The minister responsible for Manitoba Liquor and Lotteries Corp., Glen Simard, was not available for an interview Tuesday but issued a statement. 'The Trump administration has threatened jobs at the Selkirk steel mill and ag producers in Brandon with tariffs. As a government, we are standing up by taking $80 million out of the American economy by taking their liquor off the shelves. There are plenty of great Manitoban breweries and distilleries to support instead,' the MLA for Brandon East said in an email. Wednesdays Sent weekly from the heart of Turtle Island, an exploration of Indigenous voices, perspectives and experiences. Buchart said ordering Liquor Marts to stop selling U.S. booze reminded him of the 1980s boycott on the apartheid regime of South Africa. The Manitoba government, under premier Howard Pawley, banned the sale of South African wine and spirits. In 1986, it decided to sell off its remaining stock of South African booze, and donated the proceeds to the Manitoba Coalition of Organizations Against Apartheid. 'They didn't store it; they got rid of it,' Buchart said. — with files from Kelly Taylor Carol SandersLegislature reporter Carol Sanders is a reporter at the Free Press legislature bureau. The former general assignment reporter and copy editor joined the paper in 1997. Read more about Carol. Every piece of reporting Carol produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
