9 August 2023
August 9, 2023 - Aston Bay Holdings Ltd. (TSX-V:BAY; OTCQB:ATBHF) (“Aston Bay” or the “Company”) has recently announced significant exploration discoveries made at the Company’s Storm Copper Project (the “Project”) on Somerset Island, Nunavut, Canada by the Project operator American West Metals Limited (see news releases dated August 2, 2023 and August 8, 2023). These advancements are deemed to be Material Information, as defined in the policy of the TSX Venture Exchange that pertains to the pricing of private placements.
Due to this development, the ongoing non-brokered private placement's pricing structure can no longer be maintained within the previously announced terms, and the Company is unable to proceed with the private placement as originally announced. As a result of these circumstances, both the private placement and the share consolidation initiative are now terminated.
In the coming days, the Company plans to establish revised terms for a new private placement.
About Aston Bay Holdings
Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia, USA, and Nunavut, Canada. The Company is led by CEO Thomas Ullrich with exploration in Virginia directed by the Company's advisor, Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona. The Company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in advanced stages of negotiation on other lands with high-grade copper potential in the area.
The Company is 100% owner of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit and has been optioned to American West Metals Limited.
The Company’s public disclosure documents are available on www.sedar.com.