Aston Bay Holdings Grants Stock Options

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) has announced the grant of stock options for acquiring 2,300,000 common shares. The recipients include officers, directors, employees, and consultants. The exercise price is fixed at $0.105 per share. These options have a five-year term and will vest in three stages: one-third on the grant date, one-third on the first anniversary, and one-third on the second anniversary.

Aston Bay is a mineral exploration company involved in projects in Nunavut, Canada, and Virginia, USA. It collaborates with American West Metals Limited in a joint venture on the Storm Project property, holding an initial 20% free carried interest until a mining decision is taken. If Aston Bay's interest falls below 10%, it will convert to a 2% net smelter returns royalty.