Aston Bay Holdings Closes $2,137,860 Second Tranche of Private Placement

Aston Bay Holdings Ltd. announced the closing of the second tranche of its non-brokered private placement, generating gross proceeds of $2,137,860. This brings the total funds raised from the Offering to $3,517,860, including the previously closed first tranche.

The company issued 16,826,333 non-flow-through units at $0.12 per unit and 791,333 flow-through shares at $0.15 per share. Each unit includes one common share and one purchase warrant, entitling the holder to an additional share at $0.18 for 24 months.

Finder's fees of $47,230 and 334,230 warrants were issued to six independent finders. The new shares and warrants are subject to a hold period until October 7, 2024. The proceeds will fund exploration projects in Nunavut, Canada, and Virginia, USA, besides general corporate purposes. The Offering remains open to raise up to an additional $1,482,140.