Aston Bay Holdings (TSE:BAY) has released an update.
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Aston Bay Holdings Ltd. has successfully completed the initial tranche of its private placement, raising $1.38 million through the sale of flow-through shares at $0.15 each. The company has also announced the availability of additional units and shares, with potential to increase the offering by $3.62 million, aiming to fund its exploration and development activities in Nunavut and Virginia, as well as for general corporate purposes. The offering, which is still open to investors under certain conditions, is set to finalize by May 30, 2024.
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