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Vancouver, British Columbia - August 30, 2013 - Aston Bay Holdings Ltd. (TSX-V: BAY) ("Aston Bay" or the "Company") announces that the Board of Directors has adopted a new 10% rolling Stock Option Plan, which has been conditionally accepted by the TSX Venture Exchange subject to shareholder approval at the Company's next annual general meeting of its shareholders, which is expected to be held no later than November 23, 2013. The Company has granted incentive stock options pursuant to the new Stock Option Plan to directors, officers and consultants of the Company entitling the purchase of an aggregate 2,065,000 common shares. Each stock option will vest 12 months from the date of grant and is exercisable, following shareholder approval of the Stock Option Plan and the specific stock option grants at the Company's next annual general meeting, at $0.20 per common share and will expire on August 30, 2020.
About Aston Bay Holdings Ltd.
Aston Bay Holdings Ltd. is a Canadian copper and zinc exploration company advancing the Storm Copper and Seal Zinc projects on Somerset Island, Nunavut.
Aston Bay may earn up to a 70% interest in both projects, in accordance with an Option and Earn-In Agreement signed in 2011 between its wholly owned subsidiary, Aston Bay Ventures Ltd., and Commander Resources Ltd. (TSX-V: CMD). An experienced team leads the Company with diverse backgrounds in geology and finance.
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.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
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