02:30:44 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Astron Connect Inc (2)
Symbol AST
Shares Issued 16,937,905
Close 2024-10-31 C$ 0.03
Market Cap C$ 508,137
Recent Sedar Documents

Astron arranges $400,000 private placement

2024-11-02 02:49 ET - News Release

Mr. S. Randall Smallbone reports

ASTRON CONNECT INC. ANNOUNCES $400,000 NON-BROKERED PRIVATE PLACEMENT

Astron Connect Inc. has arranged a non-brokered private placement offering of 13,333,333 common shares of the company at a price of three cents per share for intended aggregate gross proceeds of up to $400,000.

The aggregate number of shares to be issued does not exceed 100 per cent of the number of common shares issued and outstanding on a non-diluted basis.

The gross proceeds from the offering will be used for general working capital and will not be used for any investor relations activities. Out of the gross proceeds of the offering, $40,000 will be used to pay the accrued fees from non-arm's-length parties, including directors and officers. There is no specific use which will represent 10 per cent or more of the gross proceeds of the offering.

The offering is anticipated to close on or about Nov. 8, 2024, or such earlier or later date as the company may determine at its sole discretion. The closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. The shares to be issued under the offering will have a hold period of four months and one day from closing.

Subject to the approval of the exchange, certain finders at arm's length to the company may receive from the company a finder's fee of cash and/or securities of the company on terms to be negotiated among the company and the finders.

About Astron Connect Inc.

Astron Connect helps Canadian enterprises in the food and beverage industry break through the noise and bring their products to new international markets in the emerging world. Astron Connect brings Canadian food and beverage companies to the world through its extensive connections and export logistics capabilities in China and emerging markets. Manna Water and Sachiel Water (both Astron brands) supply China and other emerging markets with pure Canadian bottled spring water.

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