Aston Bay Holdings Signs Early Works Agreement With BHP Billiton

Aston Bay Holdings (TSXV:BAY) has signed an early works agreement with BHP Billiton (NYSE:BHP). This augments Aston Bay’s previous agreement with BHP.
As quoted in the press release:

The Early Works Agreement advances and provides the framework for funding by BHP Billiton of certain permitting, procurement and logistics activities by Aston Bay in preparation for a Summer 2016 exploration program that includes some drilling. Negotiations with respect to a proposed Definitive Agreement are ongoing. See the Company’s news release of January 28, 2016 for more information.

Aston Bay CEO, Benjamin Cox, said:

This agreement provides a platform for advancing the 2016 exploration agenda in parallel to the negotiation process for the Definitive Agreement. We are pleased to be working with BHP Billiton in the planning process.

Click here for the full press release.