Aston Bay Holdings Ltd. announced a non-brokered private placement of 33,333,333 units at a price of CAD 0.06 per unit for gross proceeds of up to CAD 1,999,999.98 on November 29, 2021. Each unit will consist of one common share of the company and one full warrant, entitling the holder to acquire an additional common share of the company at an exercise price of CAD 0.12 per warrant share for a period of 24 months from the date of issuance. The warrants will be subject to acceleration provisions when the volume weighted average trading price is greater than CAD 0.25 for 10 consecutive trading days. All securities issued in the transaction will be subject to statutory hold period in accordance with applicable United States and Canadian securities laws. The company may pay finders fees in the transaction. The transaction is subject to approval from TSX Venture Exchange.