These advancements are deemed to be Material Information, as defined in the policy of the
Due to this development, the ongoing non-brokered private placement's pricing structure can no longer be maintained within the previously announced terms, and the Company is unable to proceed with the private placement as originally announced. As a result of these circumstances, both the private placement and the share consolidation initiative are now terminated.
In the coming days, the Company plans to establish revised terms for a new private placement.
About
Aston Bay is a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in
The Company is 100% owner of the
The Company's public disclosure documents are available on www.sedar.com.
FORWARD-LOOKING STATEMENTS
Statements made in this press release, including those regarding the closing and the use of proceeds of the private placement, management objectives, forecasts, estimates, expectations, or predictions of the future may constitute 'forward-looking statement', which can be identified by the use of conditional or future tenses or by the use of such verbs as 'believe', 'expect', 'may', 'will', 'should', 'estimate', 'anticipate', 'project', 'plan', and words of similar import, including variations thereof and negative forms. This press release contains forward-looking statements that reflect, as of the date of this press release, Aston Bay's expectations, estimates and projections about its operations, the mining industry and the economic environment in which it operates. Statements in this press release that are not supported by historical fact are forward-looking statements, meaning they involve risk, uncertainty and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Although Aston Bay believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which apply only at the time of writing of this press release. Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation. We seek safe harbour.
Contact:
Tel: (416) 456-3516
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