The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Aston Bay Holdings Ltd. announced Dec. 12, 2014:
Number of shares: 171,000 common shares;
352,220 flow-through shares
Purchase price: 15 cents per common share;
18 cents per flow-through share
Warrants: 261,610 share purchase warrants to purchase 261,610 shares
Warrant exercise price: 30 cents for a two-year period; the warrants are subject to an accelerated exercise provision in the event the volume-weighted average trading price of the company shares is greater than 60 cents for 20 consecutive trading days
Placees: four
Insider: John Hayes 171,000 non-flow-through
Finder's fee: Integral Wealth Securities Ltd. will receive a 7-per-cent finder's fee of $3,528 and 19,600 finder's fee warrants that are exercisable into common shares at 30 cents per share for a 24-month period.
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