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ASHBURTON VENTURES INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT Released February 25th, 2009 ASHBURTON VENTURES INC. ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT February 25, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) is pleased to announce the closing of the second tranche of its private placement (the "Private Placement") announced in a news release dated January 26, 2009. Pursuant to the Private Placement, the Company issued 1,500,000 units (the "Units") at a price of $0.06 per Unit for gross proceeds of $90,000. Each Unit is comprised of one common share (a "Share") of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share of the Company for a period of two years from the date of issuance at a price of $0.10 per Share. All securities issued pursuant to the private placement are subject to a hold period expiring on June 19, 2009. ON BEHALF OF THE BOARD "Michael England" ___________________________ Michael England, President 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. |