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August 24, 2016, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (ABR-TSX-V) announces that, further to its news releases dated May 5, 2016 and June 21, 2016, the Company has completed its non-brokered private placement of 4,600,000 units (the "Units") at a price of $0.05 per Unit for an aggregate gross proceeds of $230,000 (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 $0.06 per Warrant Share until August 23, 2017.

All securities issued pursuant to the closing of the Offering are subject to a hold period expiring on December 24, 2016.

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 Canada and Nevada, USA. If you would like to be added the news release distribution please get in touch with us at info@ashburtonventures.com.

ON BEHALF OF THE BOARD

“Michael England”

Michael England, CEO and Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995
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.

  • Ashburton Ventures Incorporated
    1240-789 West Pender St.
    Vancouver, BC, V6C 1H2
  • +1-604-683-3995
  • +1-888-945-4770
  • +1-604-683-3988
  • info@ashburtonventures.com
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    Symbol
    TSX.V ABR FRANKFURT ARB
    LAST
    0.085-0.005
    Day Volume
    196,500