Astron Connect Inc. Reports Non-Brokered Private Placement

(TheNewswire)

VANCOUVER, BC – TheNewswire - December 11, 2019 - Astron Connect Inc. (“Astron”) (TSXV:AST) today announced that it intends to undertake a non-brokered private placement (the “Private Placement”) to raise up to $1,500,000 by the issuance of units (the “Units”) at a price of $0.05 per Unit. Each Unit will consist of one Astron common share (the “Shares”) and one common share purchase warrant (the “Warrants”). Each Warrant will be exercisable to acquire one Share at a price of $0.05 each for a period of one year following the closing date of the Private Placement. The Private Placement is subject to TSX Venture Exchange approval.

Astron intends to use the net proceeds from the Private Placement for business operations and expansion of its business, and for general working capital purposes. Finder’s fees may become payable in connection with the Private Placement.

ABOUT ASTRON CONNECT

Astron Connect (TSX-V:AST) 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 is the parent company of Sachiel Connect and Sachiel Water. Sachiel Connect brings Canadian food and beverage companies to the world through its extensive connections and export logistics capabilities in China and emerging markets. Sachiel Water supplies China and other emerging markets with pure Canadian bottled spring water. For more information, visit www.astronconnect.com.

For more information, please contact:

S. Randall Smallbone

President and CEO

Astron Connect Inc.

[email protected]

The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2019 TheNewswire - All rights reserved.

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