Aston BAY Holdings Announces Non-Brokered Private Placement
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AGENCIES
FOR IMMEDIATE RELEASE TSX-V: BAY
ASTON BAY HOLDINGS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
December 12, 2017 - Aston Bay Holdings Ltd. (TSX- V: BAY) (“Aston Bay” or the “Company”) is
pleased to announce that it will conduct a non -brokered private placement (the “Offering”),
subject to the approval of the TSX Venture Exchange (the “Exchange”), for aggreg ate gross
proceeds of up to $ 4,000,000. The Offering will consist of non- flow-through units (the “Units”)
at a price of $0.15 per Unit, and flow-through shares (the “FT Shares”) at a price of $0.16 per FT
Share. The Company intends to close a first tranche of the Offering during the month of
December 2017.
Each Unit will consist of one common share of the Company and one -half of one warrant (each
whole warrant being referred to as a “Warrant”). Each full Warrant will entitle the holder
thereof to acquire an additional non -flow-through common share (the “Warrant Share”) of the
Company at an exercise price of $0. 20 per Warrant Share for a period of 24 months from the
date of issuance.
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.
Proceeds of this Offering will be used for a planned 2018 drill program on the Asto n Bay
Property, for advancing Storm Copper, Seal Zinc and other prospects on the Aston Bay claims,
and for general corporate purposes.
Shares and Warrant Shares acquired by the placees will be subject to a hold period of four
months plus one day from the date of completion of the Offering, in accordance with applicable
securities legislation.
About Aston Bay Holdings
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company exploring
for large, high -grade, sediment-hosted copper and zinc deposits in Nun avut, a mining -friendly
Canadian jurisdiction. Aston Bay is 100% owner of the 1,024,345 -acre (414,537-hectare) Aston
Bay Property located on western Somerset Island, Nunavut. The Aston Bay Property hosts the
Storm Copper Project and the Seal Zinc Deposit, with historical drilling confirming the presence
of sediment-hosted copper and zinc mineralization.
The Company’s public disclosure documents are available on www.sedar.com.
FORWARD-LOOKING STATEMENTS
Statements made in this press release, including thos e regarding the closing and the use of
proceeds of the private placement, management objectives, forecasts, estimates, expectations,
or predictions of the future may constitute “forward- looking statement”, which can be
identified by the use of conditional or future tenses or by the use of such verbs as “believe”,
“expect”, “may”, “will”, “should”, “estimate”, “anticipate”, “project”, “plan”, and words of
similar import, including variations thereof and negative forms. This press release contains
forward-looking statements that reflect, as of the date of this press release, Aston Bay’s
expectations, estimates and projections about its operations, the mining industry and the
economic environment in which it operates. Statements in this press release that are n ot
supported by historical fact are forward -looking statements, meaning they involve risk,
uncertainty and other factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. Although Aston Bay believes that the
assumptions inherent in the forward- looking statements are reasonable, undue reliance should
not be placed on these statements, which apply only at the time of writing of this press release.
Aston Bay disclaims any intention or oblig ation to update or revise any forward -looking
statement, whether as a result of new information, future events or otherwise, except to the
extent required by securities legislation. We seek safe harbour.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANAD IAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE
SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN,
AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE
UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
FOR ADDITIONAL INFORMATION CONTACT:
Thomas Ullrich, Chief Executive Officer
Telephone: (416) 456-3516