Aston Bay Holdings Announces Private Placement
Aston Bay Holdings Ltd. (TSXV:BAY) will not be proceeding with the non-brokered private placement that was announced on September 10, 2013 but has arranged up to 100 flow-through units of the Company at a price of $2,750 per FT unit, and up to 30 non-flow-through units, at a price of $3,000 per NFT unit, for aggregate gross proceeds of up to $365,000.
Aston Bay Holdings Ltd. (TSXV:BAY) will not be proceeding with the non-brokered private placement that was announced on September 10, 2013 but has arranged up to 100 flow-through units of the Company at a price of $2,750 per FT unit, and up to 30 non-flow-through units, at a price of $3,000 per NFT unit, for aggregate gross proceeds of up to $365,000.
As quoted in the press release:
Each FT Unit will consist of 10,000 flow-through common shares (“FT Shares”) priced at $0.20, 5,000 non-flow-through common shares priced at $0.15 (“NFT Shares”) and 5,000 warrants (“Warrants”) of the Company. Each NFT Unit will consist of 20,000 NFT Shares priced at $0.15 and 10,000 Warrants. Each Warrant will entitle the holder to acquire an additional NFT Share at a price of $0.30 per NFT Share for a period of two years from the date of issuance, subject to accelerated expiry in certain circumstances.
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