Business
Aston Bay Holdings Adopts New Option Plan and Grants Stock Options
(via Thenewswire.ca) THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Adopts New Option Plan and Grants Stock Options(via Thenewswire.ca)\n\n \nTHIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES\n\n\n \n\nVancouver, British Columbia - August 30, 2013 - Aston Bay Holdings Ltd. (TSX-V: BAY) (\"Aston Bay\" or the \"Company\") announces that the Board of Directors has adopted a new 10% rolling Stock Option Plan, which has been conditionally accepted by the TSX Venture Exchange subject to shareholder approval at the Company's next annual general meeting of its shareholders, which is expected to be held no later than November 23, 2013. The Company has granted incentive stock options pursuant to the new Stock Option Plan to directors, officers and consultants of the Company entitling the purchase of an aggregate 2,065,000 common shares. Each stock option will vest 12 months from the date of grant and is exercisable, following shareholder approval of the Stock Option Plan and the specific stock option grants at the Company's next annual general meeting, at $0.20 per common share and will expire on August 30, 2020. \n\n \n \nAbout Aston Bay Holdings Ltd.\n\n \n \nAston Bay Holdings Ltd. is a Canadian copper and zinc exploration company advancing the Storm Copper and Seal Zinc projects on Somerset Island, Nunavut.\n\n \n \nAston Bay may earn up to a 70% interest in both projects, in accordance with an Option and Earn-In Agreement signed in 2011 between its wholly owned subsidiary, Aston Bay Ventures Ltd., and Commander Resources Ltd. (TSX-V: CMD). An experienced team leads the Company with diverse backgrounds in geology and finance.\n\n \n \nOn behalf of the Board of Directors\n\n \n \nBenjamin Cox, Chief Executive Officer\n\n\n \nTelephone: (360) 262-6969\n\n \n \nFor further information about Aston Bay Holdings Ltd or this news release, please visit our website at www.astonbayholdings.com.\n\n \n \nNeither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n \n \nThis news release contains certain statements that may be deemed \"forward-looking statements\". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words \"expect...