6 June 2024
TORONTO, Ontario, June 6, 2024 - Aston Bay Holdings Ltd. (TSX-V:BAY; OTCQB:ATBHF) (“Aston Bay” or the “Company”) is pleased to announce that it has closed a second tranche of the Company’s non-brokered private placement, previously announced on April 24, 2024 (the “Offering”). Pursuant to the second tranche of the Offering, the Company has issued 16,826,333 non-flow through units (each a “Unit”) at a price of $0.12 per Unit (the “LIFE Offering”) and 791,333 flow through shares (each an “FT Share”) at a price of $0.15 per FT Share, for aggregate gross proceeds of $2,137,860. The closing is subject to final acceptance of the TSX Venture Exchange.
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There is an offering document (the “”) related to the LIFE Offering that can be accessed under the Company’s profile on Offering Document SEDAR+ at www.sedarplus.ca and on the Company’s website at https://astonbayholdings.com/news/all. Prospective investors of the Units should read the Offering Document before making an investment decision. 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.