December 11, 2017 – Toronto, ON – Aston Bay Holdings Ltd. (“Aston Bay” or the “Company”) (BAY:TSX-V) is pleased to announce the appointment of Alan King to the Company’s Advisory Board. Alan received a B.Sc. in geology from the University of Toronto in 1976 and an M.Sc. in geophysics from Macquarie University in 1989. From 1976 to 1990 he worked as a geophysicist in exploration and resource development in Canada and Australasia. From 1990 to 2012, he was employed by Inco/Vale as a senior geophysicist and then as Manager of Geophysics with responsibility for global exploration. As Chief Geophysicist for Vale Global Exploration, Alan worked on geophysical applications for base metals, iron, manganese, coal and fertilizers (potash and phosphate), as well as target generation using regional and global data sets. Alan is currently working as a consultant with his own company, Geoscience North. His professional interests include the use of geophysics, new technology (and ideas) and data integration in exploration, mining, environmental, geotechnical and other applications.
“Alan is a seasoned exploration geophysicist, knowledgeable in base metal exploration in sedimentary rocks,” commented Thomas Ullrich, CEO of Aston Bay. “His expertise with gravity techniques will be particularly useful in target generation on our property, and his appointment rounds out our experienced technical team.”
Aston Bay also announces that it is granting stock options in accordance with the terms and conditions of its rolling Stock Option Plan, entitling the purchase of an aggregate 1,050,000 common shares by certain officers, directors, consultants, employees and advisors to the Company. Each stock option will vest 12 months from the date of grant and will be exercisable at $0.15 per common share until December 8, 2024.
ABOUT ASTON BAY HOLDINGS LTD.
Aston Bay Holdings Ltd. (TSX-V: BAY) is a publicly traded mineral exploration company exploring for large, high-grade, sediment-hosted copper and zinc deposits in Nunavut, a mining-friendly Canadian jurisdiction. Aston Bay is 100% owner of the 1,024,345-acre (414,537-hectare) Aston Bay Property located on western Somerset Island, Nunavut. The Aston Bay Property hosts the Storm Copper Project and the Seal Zinc Prospect, with historical drilling confirming the presence of sediment-hosted copper and zinc mineralization.
The Company’s public disclosure documents are available on www.sedar.com.
Statements made in this press release, including those regarding the closing and the use of proceeds of the private placement, management objectives, forecasts, estimates, expectations, or predictions of the future may constitute “forward-looking statement”, which can be identified by the use of conditional or future tenses or by the use of such verbs as “believe”, “expect”, “may”, “will”, “should”, “estimate”, “anticipate”, “project”, “plan”, and words of similar import, including variations thereof and negative forms. This press release contains forward-looking statements that reflect, as of the date of this press release, Aston Bay’s expectations, estimates and projections about its operations, the mining industry and the economic environment in which it operates. Statements in this press release that are not supported by historical fact are forward-looking statements, meaning they involve risk, uncertainty and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Although Aston Bay believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which apply only at the time of writing of this press release. Aston Bay disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by securities legislation. We seek safe harbour.
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FOR ADDITIONAL INFORMATION CONTACT:
Thomas Ullrich, Chief Executive Officer
Telephone: (416) 456-3516