ASHBURTON VENTURES INC.
NEW CHIEF FINANCIAL OFFICER AND PRIVATE PLACEMENT ANNOUNCED
Vancouver, British Columbia, January 23, 2009. ASHBURTON VENTURES INC.
(the "Company") (TSXV: ABR) is pleased to announce the appointment of
the Company’s new Chief Financial Officer, Zara Kanji-Aquino, effective
immediately. Ms. Kanji-Aquino, a Certified General Accountant, is the
founder and proprietor of Zahara Kanji-Aquino and Company, a firm
providing accounting services to private and public companies, and
brings financial and accounting expertise to the Company.
Mr. Philip Taneda has resigned as CFO and Secretary of the Company to
pursue other interests. The Company wishes Mr. Taneda continued success
in his future endeavours.
The Company is also pleased to announce that it has arranged a
non-brokered private placement of up to 3,000,000 flow-through units at
a price of $0.10 per unit for gross proceeds of $300,000. Each
flow-through unit is comprised of one flow-through common share and
one-half (½) of a share purchase warrant. One whole share purchase
warrant entitles the holder to purchase an additional non-flow-through
common share for $0.15 for a period of 24 months from the date of
In addition, the Company has arranged a non-brokered private placement
of up to 4,000,000 non-flow-through units at a price of $0.06 per unit
for gross proceeds of $240,000. Each such unit is comprised of one
non-flow-through common share and one share purchase warrant. Each
whole share purchase warrant entitles the holder to purchase an
additional common share for $0.10 for a period of 24 months from the
date of issuance.
The proceeds from the flow-through private placement will be used to
undertake the Company’s anticipated work programs on the Company’s OG
Property, located approximately 110 kilometres northwest of Dawson
City, Yukon. The proceeds from the non-flow-through private placement
will be used for the Company’s working capital.
Both private placements are subject to the acceptance for filing of the TSX Venture Exchange.
For further details regarding the Company or its OG Property, please
refer to the Company's Filing Statement dated December 18, 2008 and
various news releases, including the news release dated January 5, 2009
announcing the closing of the Qualifying Transaction and the private
placement, filed under the Company's profile on SEDAR at www.sedar.com.
For further information contact:
Michael England, Director
Telephone: (604) 683-3995
Facsimile: (604) 683-3988
Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.