On October 5, 2023, Aston Bay Holdings Ltd. completed a brokered private placement of 28,84,375 units and concurrent non-brokered private placement of 2,450,000 units for total aggregate gross proceeds of approximately $2.5 million.
Each unit consists of one common share and one common share purchase warrant of Aston Bay. Each common share purchase warrant entitles the holder to purchase one common share of Aston Bay at a price of $0.12 at any time on or before October 5, 2025.
Cassels acted for Aston Bay.