Aston Bay Holdings Grants Stock Options
Aston Bay Holdings Grants Stock Options
The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, "American West"), have formed a 20/80 unincorporated joint venture and are finalizing a joint venture agreement in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.TORONTO, ON / ACCESSWIRE / August 2, 2024 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") advises that it has granted stock options exercisable to acquire 2,300,000 common shares in the Company to certain officers, directors, employees and consultants of the Company. The incentive stock options have an exercise price of $0.105 per share with a five-year term and will vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the date of grant.
多倫多，安省/ACCESSWIRE/2024年8月2日/ Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) (“Aston Bay”或“公司”)通知它已經授予公司某些官員，董事，僱員和顧問可行權行使權，以獲得公司2,300,000股普通股。激勵可行權的行使價格爲每股0.105美元，期限爲五年，將在授予之日的三分之一，第一和第二個授予日的三分之一分別獲得。
About Aston Bay Holdings
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada and Virginia, USA. The Company is led by CEO Thomas Ullrich with exploration in Virginia directed by the Company's advisor, Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona.
關於Aston Bay Holdings
Aston Bay是一家公開交易的礦產勘探公司，正在努納武特、加拿大和弗吉尼亞州、美國探索高品位重要和貴重金屬礦牀。該公司由首席執行官Thomas Ullrich領導，唐•泰勒是該公司顧問，他於2018年榮獲Thayer Lindsley獎，因在亞利桑那州的Taylor Pb-Zn-Ag礦牀中發現了鉛鋅銀。
The Company is currently exploring the Storm Copper and Epworth Properties in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. The company is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America
該公司目前正在勘探努納武特省的風暴銅礦和Epworth物業以及弗吉尼亞州中部的高品位巴基漢姆金礦脈。該公司還在北美地區正在進行高品位重要金屬潛力的其他土地的談判。
The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, "American West"), have formed a 20/80 unincorporated joint venture and are finalizing a joint venture agreement in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.
公司及其合資夥伴American West Metals Limited及其全資子公司Tornado Metals Ltd.(統稱“美國西部”)，已成立一個20/80的非法人合資企業，並正在就Storm項目物業(其中包括風暴銅項目和海豹鋅礦牀)達成合資協議。在未成立法人合資企業之前，Aston Bay將享有免費持股權，直到American West決定在完成可行性研究報告後進行開採決策，這意味着American West將獨自負責基金會合資企業的資助，直到做出開採決策爲止。在做出決策後，如果Aston Bay不選擇貢獻其相應的份額並且其利益被稀釋到低於10％，則將減少Aston Bay的利益。其利益將轉換爲2％的淨冶煉回報版稅。
The Company's public disclosure documents are available on .
該公司的公開信息披露文件可以在該網站上找到。
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
TSX Venture Exchange及其監管服務提供者(如TSX Venture Exchange政策規定的那樣定義)對本新聞稿的充分性或準確性不承擔任何責任。
FOR ADDITIONAL INFORMATION CONTACT:
Thomas Ullrich, Chief Executive Officer
thomas.ullrich@astonbayholdings.com
(416) 456-3516
有關更多信息，請聯繫：
Thomas Ullrich，首席執行官
thomas.ullrich@astonbayholdings.com
(416) 456-3516
SOURCE: Aston Bay Holdings Ltd.
消息來源：Aston Bay Holdings Ltd。
譯文內容由第三人軟體翻譯。
