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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 .