Ashburton Ventures Inc. has arranged a non-brokered private
placement of up to 10 million units at a price of six cents per unit
for gross proceeds of up to $600,000.
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 10 cents per
share for a period of 24 months from the date of issuance.
Finders’ fees may be payable on this financing.
The private placement is subject to the acceptance for filing by
the TSX Venture Exchange.
The proceeds from the private placement will be used toward work
programs and for general working capital.
Ashburton Ventures is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all its stakeholders. For more information please visit the Company’s website located at www.ashburtonventures.com .
ON BEHALF OF THE BOARD
Michael England, President
For further information contact:
Telephone: (604) 683-3995
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Ashburton Ventures Inc. Actual results may differ materially from those currently anticipated in such statements. Neither the 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.