20 June 2024
TORONTO, Ontario, June 20, 2024 - Aston Bay Holdings Ltd. (TSX-V:BAY; OTCQB:ATBHF) (“Aston Bay” or the “Company”) is pleased to announce that it has closed a final tranche of the Company’s non-brokered private placement, previously announced on April 24, 2024 (the “Offering”). Pursuant to the final tranche of the Offering, the Company has issued 230,000 non-flow through units (each a “Unit”) at a price of $0.12 per Unit (the “LIFE Offering”) and 3,900,000 flow through shares (each an “FT Share”) at a price of $0.15 per FT Share, for aggregate gross proceeds of $612,600. The closing is subject to final acceptance of the TSX Venture Exchange.
Proceeds from the final tranche are in addition to the previously reported closing of the first tranche of the Offering for proceeds of $1,380,000, as disclosed May 9, 2024, and the second tranche proceeds of $2,137,860, as disclosed June 6, 2024. The final proceeds from the Offering total $4,130,460.