Aston Bay Holdings Ltd. announced a non-brokered private placement of non-flow through units at a price of CAD 0.12 per unit and flow-through shares at a price of CAD 0.15 per share for the gross proceeds of CAD 5,000,000 on April 24, 2024. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire an additional common share at an exercise price of CAD 0.18 per warrant share for a period of 24 months from the date of issuance. The flow-through shares will be subject to statutory hold periods in accordance with applicable Canadian Securities Law.

The offering is scheduled to close on or about May 16, 2024 or such other date as the company may determine, and is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The company anticipates that current insiders of the company may participate in the offering. Subject to exchange approval, finder's fees may be paid to persons who introduce the company to investors.

The offering may be closed in one or more tranches as subscriptions are received.