Vancouver, British Columbia – August 26, 2014 – Aston Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) today announced that its Board of Directors has appointed Mr. Joseph Chiummiento and Mr. Ian McPherson as directors. The Board has also accepted the resignations of Jan-Erik Back and David Drover as directors and has formed an Advisory Board that will include Mr. Back and Mr. Drover.
Mr. Joseph Chiummiento brings experience working closely with various management teams of public and private businesses. In his capacity as an Ontario lawyer and Corporate Secretary, Joseph has been directly involved with an oil and gas exploration company (EPS: TSX), a titanium sponge producer and a gold/silver exploration company. Currently, Joseph acts as a director of the MTC Growth Fund-I Inc., a Toronto-based mutual fund, and has been involved in corporate governance, contract negotiations and liaising with various counsel on legal matters of importance to other northern Canadian exploration companies.
Joseph has helped coordinate several capital raises and financings in the resources sector in Canada and the U.S. He is a graduate of the University of Windsor Law School, member of the Law Society of Upper Canada, and practices in the area of business law.
A graduate of Queen’s University (1990), Mr. Ian McPherson has broad business acumen, having worked extensively in branding, strategic planning, marketing and advertising in both domestic and international markets across diverse industry categories. He has served the junior resources sector in recent years in investor relations, corporate development and financing roles, most recently as the VP Communications for West Melville Metals Inc. and previously as the Director of Marketing for Aurora Mineral Resource Group and The Discovery Group of Companies.
“We are pleased to have Mr. Chiummiento and Mr. McPherson join Aston Bay’s Board of Directors. They will add significant legal and marketing depth to our core team,” said Benjamin Cox, Chief Executive Officer of Aston Bay Holdings. “The Board also thanks Mr. Back and Mr. Drover for their instrumental support in helping build the Company and look forward to having their support as advisors moving forward.
About Aston Bay Holdings
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company focused on the 345,033-acre Storm located on northwest Somerset Island, Nunavut. The Storm Property hosts the Storm Copper and Seal Zinc prospects. In June 2014, Aston Bay signed a binding Memorandum of Understanding (the “MOU”) with a wholly-owned subsidiary of Antofagasta plc to cooperatively advance the project. The MOU gives Antofagasta the opportunity to earn up to a 70% total interest in Storm, as well as a path to an eventual proposed joint venture, as described in Aston Bay’s press release of June 18, 2014. Aston Bay holds the right to earn or buy up to a 100% undivided interest in the Storm Property from Commander Resources Ltd. (TSX-V: CMD).
On behalf of the Board of Directors,
Benjamin Cox, Chief Executive Officer
Telephone: (360) 262-6969
For further information about Aston Bay Holdings Ltd. or this news release, please visit our website at www.astonbayholdings.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.