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Rights Issue and Shortfall
Aston Bay Holdings Ltd. (TSXV:BAY) has amended the terms of its previously announced non-brokered private placement: each NFT Unit will now be issued at a per unit price of CDN$0.25 and will consist of one common share and one share purchase warrant.
As quoted in the press release:
Each NFT Warrant will entitle the holder thereof to acquire one additional common share for a period of 18 months from closing of the Offering, at a price of CDN$0.40 per share, subject to accelerated expiry terms, as described below.
In addition, each FT Unit will now be issued at a per unit price of CDN$0.30 and will consist of one “flow-through” common share and one-half of one share purchase warrant (the “FT Warrant”). Each whole FT Warrant will entitle the holder thereof to acquire one additional non-flow-through common share for a period of 18 months from closing of the Offering, at a price of CDN$0.40 per share.
Click here to read the Aston Bay Holdings Ltd. (TSXV:BAY) press release
Click here to see the Aston Bay Holdings Ltd. (TSXV:BAY) profile.
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