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June 21st, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (TSX-V: ABR) (ARB-FRANKFURT) (“Ashburton” or the "Company”) announces that further to its news of May 5th, 2016 it has extended, and increased, its non-brokered private placement of 3 million units ("Units") at a price of $0.05 per Unit for aggregate gross proceeds of $150,000 (the "Offering") to July 15th, 2016 and increasing the amount to 5 million units for aggregate gross proceeds of $250,000. Each Unit will be comprised of one common share ("Share") and one Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 12 month period after the Closing Date at an exercise price of $0.06 per share. Proceeds raised from the Offering will be used for general working capital and towards exploration on the Company’s Elon Lithium project directly bordering Pure Energy's (PE-TSX.V) Clayton Valley Deposit located in the Clayton Valley in the state of Nevada.
Finders' fees may be payable on the private placement, subject to the policies of the TSX Venture Exchange.
The Company also announces that, further to its news of May 2, 2016 announcing a non-brokered private placement of 3 million shares at a price of $0.05 with MMPL, it has extended the closing to July 15th, 2016.
These offerings are subject to TSX Venture Exchange acceptance.
Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Canada and Nevada, USA. If you would like to be added the news release distribution please get in touch with us at [email protected].
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President
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Some of the 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.