Aston Bay Holdings (TSE:BAY) has released an update.
Aston Bay Holdings is set to raise $5 million through a non-brokered private placement of units and flow-through shares, priced at $0.12 and $0.15 respectively. Each unit includes a share and a purchase warrant, with proceeds earmarked for exploration in Nunavut and Virginia, as well as for corporate purposes. The offering, not available in the U.S., is expected to close by May 16, 2024, pending necessary approvals.
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