Aston Bay Holdings Ltd. (TSXV:BAY) entered into a definitive merger agreement to acquire Jack's Fork Exploration Inc. for CAD 1.5 million on August 20, 2018. Under the terms of the merger agreement, holders of JFE shares ("JFE Shareholders") will be entitled to receive 0.57396868 of a common share of Aston Bay in exchange for each JFE share held immediately prior to the effective time of the acquisition. Approximately 12 million Aston Bay shares will be issued. The acquisition will be completed by way of a reverse triangular merger of Blue Ridge Mining, a wholly owned subsidiary of Aston Bay, into JFE, resulting in JFE being renamed "Blue Ridge Mining" and becoming a direct and wholly-owned subsidiary of Aston Bay. The new Aston Bay subsidiary will operate the existing business of JFE moving forward. Don Taylor, President of JFE, will join the Aston Bay team in the position of Technical Advisor for the Blue Ridge Project. Completion of the acquisition will be subject to review and approval of the TSX Venture Exchange. Acquisition will require the approval of JFE Shareholders at a special meeting expected to take place in September 30, 2018. The acquisition must be approved at the JFE meeting by JFE Shareholders holding greater than 50% of the JFE shares entitled to vote at the JFE Meeting. Directors and officers of JFE and certain JFE Shareholders holding approximately 58% of the issued and outstanding JFE shares have entered into voting and support agreements with Aston Bay in support of the acquisition. The board of directors of JFE has unanimously approved the acquisition and will recommend that JFE Shareholders vote for the acquisition. Aston Bay Holdings Ltd. (TSXV:BAY) completed the acquisition of Jack's Fork Exploration Inc. on November 7, 2018. All required stockholder and regulatory approvals, including the approval of the TSX Venture Exchange, were obtained in connection with the closing of the Acquisition.