Aston Bay Holdings Stock Price, News & Analysis

Aston Bay Holdings Ltd. (OTCQB:ATBHF) announced the closing of the final tranche of its non-brokered private placement, issuing 1,005,000 units at $0.06 per unit, resulting in gross proceeds of $60,300. This issuance includes common shares and warrants exercisable at $0.12 for 24 months. The funds will be allocated for exploration on various properties in Virginia, USA. The closing is subject to TSX Venture Exchange approval, with all acquired shares under a hold period until August 9, 2022.

Aston Bay Holdings announced preliminary assay results from the Mountain Zinc-Copper Project in Virginia, revealing significant zinc mineralization. The project involved drilling 3,746 meters across 10 holes, with notable intercepts including 0.46% Zn over 11.4 m in ABM-001 and 0.58% Zn over 5.47 m in ABM-005. The results indicate a potential for larger SEDEX-style deposits, with a focus on critical minerals for the US supply chain. Further assay results are pending, and exploration efforts continue to expand the project area.

Aston Bay Holdings Ltd. (OTCQB:ATBHF) has received an extension from the TSX Venture Exchange to complete its non-brokered private placement, now due by April 8, 2022, aiming for up to $2,000,000 in gross proceeds. Each Unit is priced at $0.06 and includes a Warrant allowing the purchase of an additional share at $0.12. The first tranche raised $808,410 by issuing 13,473,500 Units. The continuation of the Offering remains contingent on Exchange approval. Aston Bay is engaged in mineral exploration in Virginia and Nunavut.

Aston Bay Holdings Ltd. (OTCQB:ATBHF) has signed exploration agreements with two private landowners, expanding its Buckingham Gold Project in Virginia by 532 acres. This extension increases the gold vein's potential strike length to over one mile. Initial stream panning revealed visible gold in 28 of 45 samples. The company is also drilling a 3,500m program at its Mountain Base Metals Project, where zinc and copper mineralization has been consistently found. Partial assay results are expected by the end of the month.

Aston Bay Holdings Ltd. (OTCQB:ATBHF) has received an extension from the TSX Venture Exchange to finalize a non-brokered private placement, with a target of raising up to $2,000,000 by March 11, 2022. The offering consists of units priced at $0.06 each, with each unit including a warrant exercisable at $0.12 over 24 months. The first tranche raised $808,410 by issuing 13,473,500 units. Completion is contingent on final Exchange approval.

Aston Bay Holdings (OTCQB:ATBHF) has announced new exploration agreements with private landowners to lease additional mineral rights near its Mountain Copper-Zinc Project in Central Virginia. The total leased area has expanded to over 2,127 acres. Encouraging drilling results have led to an extension of the diamond drill program to 3,500 metres, up from the original 1,500m. Copper and zinc mineralization has been identified in all tested holes, revealing a significant SEDEX deposit potential. Assay results are pending.

Aston Bay Holdings Ltd. (OTCQB: ATBHF) has entered into a consulting agreement with Target IR & Communications to enhance investor relations, pending TSX Venture Exchange approval. The agreement spans an initial 6-month term with a potential renewal, offering $8,000 monthly and stock options for 350,000 shares at $0.06 each. Target IR will assist in increasing the company's visibility to potential investors and managing communications. The company is currently active in mineral exploration in Virginia and Nunavut, Canada, targeting gold and base metal deposits.

Aston Bay Holdings Ltd. (OTCQB:ATBHF) announced an extension granted by the TSX Venture Exchange to complete its non-brokered private placement, aiming for gross proceeds of up to $2,000,000 by February 11, 2022. The offering includes Units priced at $0.06 each, which consist of common shares and warrants allowing the purchase of additional shares at $0.12 for 24 months. The Company closed the first tranche, raising $808,410. Completion is subject to TSX-V final approvals.

Aston Bay Holdings Ltd. (OTCQB:ATBHF) closed the first tranche of its non-brokered private placement, issuing 13,473,500 units at $0.06 per unit, raising $808,410. The offering allows for an additional $1,191,590 in units, with a second tranche expected in early 2022. Proceeds will fund exploration in Virginia, including Mountain Base Metals and Buckingham Gold projects. An insider participated in the offering, triggering related party considerations. Shares acquired will be subject to a hold period until April 22, 2022.