Business
Aston Bay Holdings Announces Closing of Second Tranche of Private Placement
(via Thenewswire.ca) Vancouver, British Columbia - November 28, 2013 - Aston Bay Holdings ...
About this update from Aston Bay Holdings Ltd.
[{"type":"text","content":"Aston Bay Holdings Announces Closing of Second Tranche of Private Placement(via Thenewswire.ca)\n\n \nVancouver, British Columbia - November 28, 2013 - Aston Bay Holdings Ltd. (TSX-V: BAY) (\"Aston Bay\" or the \"Company\") is pleased to announce that it has closed the second tranche of its non-brokered private placement, subsequent to its news releases of October 15, 2013 and October 30, 2013.\n\n \n \nPursuant to this second tranche of the offering (the \"Offering\"), the Company has issued a total of 26 flow-through units (the \"FT Units\") at a price of $2,750 per FT Unit, for gross proceeds of $71,500. Each FT Unit consists of 10,000 flow-through common shares (\"FT Shares\") priced at $0.20 per FT Share, 5,000 non-flow-through common shares priced at $0.15 per NFT Share and 5,000 warrants. Each Warrant entitles the holder to acquire an additional NFT Share at a price of $0.30 per NFT Share until November 28, 2015, subject to accelerated expiry in certain circumstances. Finder's fees were paid in connection with the closing of this second tranche of the Offering.\n\n \n \nProceeds of this Offering will be used for advancing the Storm Copper and Seal Zinc Projects and for general corporate purposes.\n\n \n \nAll shares acquired by the placees in the second tranche of the Offering, and shares which may be acquired upon the exercise of the Warrants, will be subject to a hold period until March 29, 2014, in accordance with applicable Canadian securities legislation.\n\n \n \nFollowing closing of this second tranche of the Offering, the Company has 25,285,000 common shares issued and outstanding.\n\n \n \nAbout Aston Bay Holdings\n\n \n \nAston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company focused on the 345,033 acre Storm Property located on northwest Somerset Island, Nunavut. The property hosts the Storm Copper and Seal Zinc prospects. Aston Bay holds the right to earn or buy up to a 100% undivided interest in the Storm Property from Commander Resources Ltd. (TSX-V: CMD).\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 Regulat...