Monthly Archives :

January 2018

ASHBURTON AMENDS Z-1 TERMS

ASHBURTON AMENDS Z-1 TERMS 150 150 Progressive Planet Inc.

January 17th, 2018, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) announces the Company has signed an amending agreement with ZMM® Canada Minerals Corp. (“ZZM”) to amend certain terms of the Z-1 Zeolite agreement announced January 30th, 2017. The amending agreement will afford Ashburton an additional 12 months to meet the minimum expenditures requirement.

“During 2017 Ashburton was able to obtain a bulk sample of zeolite at the Z-1 quarry. The summer, however, was problematic with a halt in production due to flooding of Cache Creek which took out road access.” stated Ashburton President, Stephen Harpur. “In 2018, we will focus our attention and resources on developing the Z-1.”

Terms of the amendment include the reduction of shares payable on the 12 month anniversary from two million shares of the Company to one million shares of Ashburton. Additionally, the Company will no longer be proceeding with the TransCanada and Juniper Creek zeolite projects in conjunction with its mandate to monetize the Z-1 project to the best of its ability.

Verne Hogg, President of ZMM, stated, “As operators, we have been conducting product and market development activities since February 2017 and are excited about commercializing the Z-1 zeolite in 2018.”

Ashburton Ventures Inc. is a Canadian-based junior exploration company focused on Canadian mineral projects. 

ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com

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.

ASHBURTON FINANCING FULLY SUBSCRIBED

ASHBURTON FINANCING FULLY SUBSCRIBED 150 150 Progressive Planet Inc.

January 5th, 2018, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) announces the Company has fully subscribed the previously announced non-brokered private placement of up to 10,000,000 units at a price of $0.09 per Unit for aggregate gross proceeds of $900,000 (see PR dated January 4th, 2018).

The closing of the offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The Company may, in its sole discretion, pay finders' fees to agents of the Company. 

Ashburton Ventures Inc. is a Canadian-based junior exploration company focused on Canadian mineral projects in Quebec and British Columbia, Canada. 

ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
www.ashburtonventures.com

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.

ASHBURTON ANNOUNCES FINANCING

ASHBURTON ANNOUNCES FINANCING 150 150 Progressive Planet Inc.

January 4th, 2018, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) announces the Company has arranged a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.09 per Unit for an aggregate gross proceeds of $900,000 (the "Offering").

Each Unit is comprised of one common share (a "Share") and one Share purchase warrant (a "Warrant") of the Company.  Each Warrant will entitle the holder to purchase one Share (a “Warrant Share”) at a price of $0.18 per Warrant Share for a 24 month period after the Closing Date. The warrants are subject to an acceleration clause, which states that the issuer will have the right to accelerate the expiry date of the warrants if, at any time after 6 months from closing, the average closing price of the shares is equal to or greater than 30 cents for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after the issuer issues a news release, announcing that it has elected to exercise this acceleration right. The Company intends to rely on the "investment dealer" prospectus exemption, among other prospectus exemptions, with respect to the private placement.  As such, the Issuer confirms that there is no material fact or material change about Ashburton that has not been generally disclosed.

Proceeds will be used towards advancing its Z-1 Zeolite project located in Cache Creek, BC (approximately $700,000) and for general corporate purposes (approximately $150.000).

The financing is subject to TSX Venture Exchange approval.

The Company may, in its sole discretion, pay finders' fees to agents of the Company. 

Ashburton Ventures Inc. is a Canadian-based junior exploration company focused on Canadian mineral projects in Quebec and British Columbia, Canada. 

ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
www.ashburtonventures.com

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.

ASHBURTON ANNOUNCES BOARD APPOINTMENT

ASHBURTON ANNOUNCES BOARD APPOINTMENT 150 150 Progressive Planet Inc.

January 2nd, 2018, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (ARB-FRANKFURT)  (“Ashburton” or the "Company”) announces the appointment of Mr. Stephen Harpur, CPA, CGA, to its Board of Directors. Effective immediately. Mr. Harpur will also be appointed President as well as Chief Operating Officer to assist in guiding the Company as it prepares to advance its Z-1 Zeolite project located in Cache Creek, BC.

Stephen Harpur is a Chartered Professional Accountant. After graduating from business school, Steve joined Richardson Greenshields in 1993 and spent the next six years as an investment advisor. Since 1993, Steve has raised equity for many small cap companies, both public and private.

Stephen has extensive experience in project management working for both himself and in a management position with a corporate restructuring and insolvency firm. Past projects include the following:

  • Built out a scalable e-commerce platform in the early 2000’s;
  • Completed a 30-unit residential construction project as part of a corporate restructuring;
  • Supervised multiple capital projects at a large composting and anaerobic digestion plant;
  • Designed and built the first industrial plant in Western Canada to de-package expired packaged food while recycling the packaging;
  • Oversaw two research projects in collaboration with a respected Canadian university to make and then test a potassium hydroxide fertilizer through crop trials; and,
  • Oversaw multiple research projects converting organic wastes into biofuels with co-funding from the National Research Council.

“I look forward to our team advancing the Z-1 Zeolite Project while concurrently developing markets for zeolite. I have personally purchased and used zeolite from the Z-1 on my own farm in the Okanagan and am excited to develop this deposit. I also look forward to evaluating all other properties within Ashburton’s portfolio and determining how to best extract value from these properties for our shareholders.” stated Stephen Harpur.

“We are very pleased to have Mr. Harpur join the team of Ashburton.  His experience in developing and commercializing various technologies and projects and connections to the academic, municipal, and business sectors will prove invaluable as we look to take our Z-1 Zeolite project to the next phase.” stated Mike England, CEO of Ashburton Ventures Inc.

David Gdanski has stepped down as both a Director and as President.  In addition, Timothy Harvey has stepped down as COO. “I would like to thank both Mr. Gdanski and Mr. Harvey for their service and commitment to Ashburton and wish them well in their future endeavours.”

Ashburton Ventures Inc. is a Canadian-based junior exploration company focused on Canadian mineral projects in Quebec and British Columbia, Canada. 

ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995; Toll Free: 1-888-945-4770; www.ashburtonventures.com

Forward-Looking 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.

error: