Aston Bay Holdings announces revised terms for non-brokered private placement

14 November 2019

Aston Bay Holdings Ltd. announces that it has revised the terms of its non-brokered private placement previously announced on October 8, 2019. The revised offering, subject to the approval of the TSX Venture Exchange, is for aggregate gross proceeds of up to $1,002,000. The Offering will consist of units at a price of $0.06 per Unit. The Company intends to close the Offering during the month of November 2019.

Each Unit will consist of one common share of the Company and one full warrant (a “Warrant”) entitling the holder thereof to acquire an additional common share (the “Warrant Share”) of the Company at an exercise price of $0.12 per Warrant Share for a period of 24 months from the date of issuance. The Warrants will be subject to acceleration provisions when the volume weighted average trading price is greater than $0.25 for 10 consecutive trading days.