RE:Just Thinking Out LoudThere was also .08 broker warrants issued in connection with the financing. Not a huge amount but they have been in the money for a few months now.
Aston Bay private placement
2023-10-25 17:01 PT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered and non-brokered private placement announced Sept. 5, 2023, and Sept. 29, 2023.
Number of shares: brokered -- 28,847,375 shares; non-brokered -- 2.45 million shares
Warrants: brokered -- 28,847,375 share purchase warrants to purchase 28,847,375 shares; non-brokered -- 2.45 million share purchase warrants to purchase 2.45 million shares
Purchase price: eight cents per share
Warrant exercise price: 12 cents for a two-year period
Number of placees: 41 placees
Total pro group involvement: 1.7 million (four pro groups)
Agent's fee: Cantor Fitzgerald Canada Corp., $120,227.40 cash and 1,502,843 broker warrants
Broker warrant terms: Each warrant entitles the holder to purchase one common share at the price of eight cents for a period of two years from the date of issuance.
The company issued a news release on Oct. 5, 2023, confirming the closing of the private placement. Note that in certain circumstances the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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