ASHBURTON ANNOUNCES FINANCING WITH THE MINERALFIELDS GROUP
August 13, 2009, VANCOUVER, B.C. â€“ ASHBURTON VENTURES INC. (ABR-TSX:V)
(â€œAshburtonâ€ or the “Companyâ€) is pleased to announce a non-brokered
private placement of $300,000 through the sale of 3,000,000
flow-through units (â€œFT Unitsâ€) at $0.10 each to the MineralFields
Group. Proceeds of this financing will be used towards the Companyâ€™s
properties in Red Lake and the Yukon.
The Company will pay a finderâ€™s fee to Limited Market Dealer Inc. for this financing equal to 7.5% cash and 5%
broker warrants and a finderâ€™s find to Industrial Alliance Securities equal to 2.5% cash and 5% broker warrants.
â€œWe are very pleased to be entering into this relationship with MineralFields Groupâ€, said Mike England, President
and CEO. â€œThis is an important milestone in the growth of Ashburton Ventures Inc. and we look forward to
working with MineralFields Group as we develop our holdings in the regions.â€
About MineralFields, Pathway and First Canadian Securities Â®
MineralFields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining
fund with significant assets under administration that offers its taxâ€advantaged super flowâ€through limited
partnerships to investors throughout Canada as well as hardâ€dollar resource limited partnerships to investors
throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of
structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporateâ€class mutual
fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian
Securities Â® is active in leading resource financings (both flowâ€through and hard dollar PIPE financings) on
competitive, effective and serviceâ€friendly terms, and offers investment banking, mergers and acquisitions, and
mining industry consulting, services to resource companies. MineralFields and Pathway have financed several
hundred mining and oil and gas exploration companies to date through First Canadian Securities Â®.
The private placement is subject to regulatory approval and subject to TSX Venture Exchange acceptance for
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.