On October 5, 2023, Aston Bay Holdings Ltd. closed the transaction. The Company issued 28,847,375 units, at a price of CAD 0.08 per Unit, for aggregate gross proceeds of approximately CAD 2,307,790 along with 2,450,000 Units on non brokered were issued at an issue price of CAD 0.08 for aggregate gross proceeds of CAD 196,000 Each Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at a price of CAD 0.12 at any time on or before October 5, 2025. In connection with the LIFE Offering and as consideration for their services, the Company paid to the Agent a cash commission of CAD 120,227.40 and issued to the Agent 1,502,843 non-transferable warrants of the Company. Each Broker Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.08, subject to adjustment in certain events, at any time on or before October 5, 2025.

The TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement. The transaction included participation from 41 placees including pro group involvement of four pro group for 1,700,000.