9 May 2024
May 9, 2024 - Aston Bay Holdings Ltd. (TSX-V:BAY; OTCQB:ATBHF) (“Aston Bay” or the “Company”) is pleased to announce that it has today closed a first tranche of the Company’s non-brokered private placement, previously announced on April 24, 2024 (the “Offering”). Pursuant to this first tranche of the Offering, the Company has issued 9,200,000 flow-through shares (each a “FT Share”) at a price of $0.15 per FT Share, for aggregate gross proceeds of $1,380,000. The closing is subject to final acceptance of the TSX Venture Exchange.
The Company plans to use the net proceeds of the Offering for exploration and development purposes of its projects in Nunavut, Canada and Virginia, USA and for working capital and general corporate purposes.