Aston Bay Holdings Announces Non-Brokered Private Placement

Aston Bay Holdings Ltd., a Toronto-based company, revealed plans for a non-brokered private placement aimed to raise up to $5,000,000. Scheduled to close around May 16, 2024, the offering is subject to TSX Venture Exchange approval and will include non-flow through units and flow-through shares.

The company detailed that each unit will consist of one common share and a warrant, while the flow-through shares will be offered at a higher price. These offers will be available to all Canadian provinces except Quebec. Aston Bay specifies that the proceeds of this offering will fund exploration in Nunavut and Virginia, USA, as well as for general corporate purposes.

Investors are encouraged to review the offering document available on Aston Bay's website and SEDAR+ to make an informed decision. Notably, the press release also mentions potential participation from company insiders and the possibility of paying finder’s fees for introducing investors.