Mr. Thomas Ullrich reports
ASTON BAY ANNOUNCES THE PASSING OF CHIEF FINANCIAL OFFICER DWIGHT WALKER
Dwight Walker, who served as chief financial officer of Aston Bay Holdings Ltd. for the past nine years, has passed away. Mr. Walker was a respected leader, a dedicated colleague and an invaluable part of the Aston Bay team. His extensive knowledge, commitment to excellence and strategic acumen greatly contributed to the success of Aston Bay and the companies he served throughout his distinguished career.
Mr. Walker brought over 30 years of experience in finance and administration, including a decade within the mining sector. Throughout his career, he served as chief financial officer for many public companies, demonstrating his expertise in financial strategy and corporate leadership.
"Aston Bay mourns the loss of a great colleague and friend," said Thomas Ullrich, chief executive officer of Aston Bay. "Dwight's contributions to Aston Bay were invaluable, and he will be deeply missed by all who had the privilege of working with him. Our thoughts and condolences go out to his family, friends and colleagues during this difficult time."
The board of directors of Aston Bay has appointed Donna McLean as interim chief financial officer. Ms. McLean is currently the director, accounting services, at Grove Corporate Service, and is an experienced financial professional. She has served as CFO for numerous public companies in the mining and exploration sectors for the past 20 years.
About Aston Bay Holdings Ltd.
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and Virginia, United States.
The company is currently exploring the Storm copper property and Epworth copper-silver-zinc-cobalt property in Nunavut, as well as the high-grade Buckingham gold vein in central Virginia. The company is also in advanced stages of negotiation on other lands with high-grade critical metal potential in North America.
The company and its joint venture partners American West Metals Ltd. and its wholly owned subsidiary Tornado Metals Ltd. formed a 20/80 unincorporated joint venture in respect of the Storm project property, which hosts the Storm copper project and the Seal zinc deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for financing the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share, and its interest in the Storm project property will be converted into a 2-per-cent net smelter return royalty if its interest is diluted to below 10 per cent.
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