September 12, 2012, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSXV) is pleased to announce that it has arranged a non-brokered private placement of 12,000,000 units ("Units") at a price of $0.075 per Unit for aggregate gross proceeds of $900,000 (the "Offering"). Each Unit will be comprised of one common share (a "Share") and one-half of a share purchase warrant of the Company (a "Warrant"). Each full Warrant will entitle the holder to purchase one Share (a "Warrant Share") for a period of 18 months from the closing date at an exercise price of $0.10 per Warrant Share.
A finder's fee may be payable in relation to the proposed private placement in line with the policies of the TSX Venture Exchange.
The proceeds raised will be used towards exploration on the Issuer's Nevada properties and for general corporate purposes.
The Offering is subject to TSX Venture Exchange approval.
Ashburton Ventures Inc. is a junior exploration company whose mission is to acquire highly prospective base and precious metal properties for the benefit of its stakeholders. The Company’s website can be viewed at www.ashburtonventures.com.
ON BEHALF OF THE BOARD
Michael England, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
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.