Aston Bay Holdings announces terms for non-brokered private placement

6 January 2020

Aston Bay Holdings Ltd. announces that it will conduct a non-brokered private placement, subject to the approval of the TSX Venture Exchange, for aggregate gross proceeds of up to $1,200,000. In response to increased interest, the Company wishes to make additional Canadian prospectus exemptions available for wider participation by investors in the offering.

The offering will consist of units at a price of $0.06 per Unit. Each Unit will consist of one common share of the company and one full warrant entitling the holder thereof to acquire an additional common 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.