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July 19, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX-V) announces that, further to its news releases dated May 2, 2016 and June 21, 2016, the Company has completed a non-brokered private placement of 3,000,000 shares (the "Shares") at a price of $0.05 per Share for aggregate gross proceeds of $150,000 (the "Offering").
The Shares issued pursuant to the closing of the Offering are subject to a hold period, 500,000 shares are subject to a hold until September 28, 2016, the balance, 2.5 million shares are subject to a hold period until November 19, 2016.
The offering did not include warrants and the Company did not pay finders' fees nor issue finders' warrants with respect to the Offering.
Ashburton Ventures Inc. is a Canadian-based junior exploration with mineral projects in Quebec, 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
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.
TSX.V ABR FRANKFURT ARB