Join today and have your say! It’s FREE!
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Aston Bay Holdings Ltd V.BAY

Alternate Symbol(s):  ATBHF

Aston Bay Holdings Ltd. is a Canada-based mineral exploration company exploring high-grade critical and precious metal deposits. It is engaged in exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. It is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America. The Nunavut property is located 112 km south of the community of Resolute Bay, Nunavut on western Somerset Island. The property is adjacent to tidewater on Aston Bay and comprises 12 prospecting permits and 118 contiguous mineral claims, which comprises of Storm Copper and Seal Zinc, covering an area of approximately 541,796 acres. Under Virginia property, it focuses on exploring two targets in Virginia: high-grade mesothermal gold vein mineralization along strike of the Buckingham Gold Vein and zinc-copper SEDEX-style mineralization in a newly identified base metals/polymetallic belt.


TSXV:BAY - Post by User

Comment by Patrick2Lintonon Aug 17, 2023 6:35pm
126 Views
Post# 35593924

RE:Possible Financing? or Just a simply correction?

RE:Possible Financing? or Just a simply correction?

Correct. They cancelled the financing that was priced at .0375 per unit. They are currently financing by way of warrant exercises and option exercises which are priced more favorably. Check the insider action. There is no longer any rush to a Private Placement unless it was strategic money from a major perhaps. 

Just a reminder, BAY's 20% in Storm is a full carry to a mining decision. Bay does not pay for any exploration so their burn rate is relatively low G & A unless they want to start exploration on Virginia properties.

<< Previous
Bullboard Posts
Next >>