John Barakso Gains Major Stake in Finlay Minerals

Finlay Minerals (TSE:FYL) has released an update.

John Andrew Barakso has significantly increased his control over Finlay Minerals Ltd., now directly and indirectly controlling approximately 43.87% of the company’s issued and outstanding common shares, following a power of attorney arrangement for estate planning purposes. This move could potentially influence the company’s future direction with Barakso’s stake rising to nearly 49.42% upon exercising all convertible securities.

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