ASHBURTON ANNOUNCES FINANCING
March 31, 2009, VANCOUVER, B.C. â€“ ASHBURTON VENTURES INC. (ABR-TSX:V)
(â€œAshburtonâ€ or the “Companyâ€) announces it has arranged a non-brokered private placement of up
to 7 million units at a price of $0.15 per unit for gross proceeds of up to $1,050,000.
Each unit consists of one common share in the capital of the company and one common share purchase
warrant. Each warrant entitles the holder to purchase one additional share at a price of $0.17 per share
for a period of 12 months from the date of issuance.
A finderâ€™s fee may be payable on each private placement of up to 10% cash and up to 10% share
purchase “B” warrants. Each “B” warrant will entitle the holder to purchase one common share for
$0.15 per share for a period of one year.
The private placement is subject to the acceptance for filing by the TSX Venture Exchange.
The proceeds from the private placement will be used towards work programs and for general working
Ashburton Ventures Inc. is a recently listed junior exploration company whose mission is to acquire
highly prospective base and precious metal properties for the benefit of its stakeholders. The Companyâ€™s
website can be viewed at www.ashburtonventures.com.
ON BEHALF OF THE BOARD
Michael England, President
For further information contact:
Telephone: (604) 683-3995
Facsimile: (604) 683-3988
Email: [email protected]
Neither TSX Venture Exchange 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.