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ASHBURTON ANNOUNCES FINANCING Released March 31st, 2009 ASHBURTON ANNOUNCES FINANCINGMarch 31, 2009, VANCOUVER, B.C. – ASHBURTON VENTURES INC. (ABR-TSX:V) (“Ashburton” or the "Company”) announces it has arranged a non-brokered private placement of up to 7 million units at a price of $0.15 per unit for gross proceeds of up to $1,050,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of $0.17 per share for a period of 12 months from the date of issuance. A finder’s fee may be payable on each private placement of up to 10% cash and up to 10% share purchase "B" warrants. Each "B" warrant will entitle the holder to purchase one common share for $0.15 per share for a period of one year. The private placement is subject to the acceptance for filing by the TSX Venture Exchange. The proceeds from the private placement will be used towards work programs and for general working capital. Ashburton Ventures Inc. is a recently listed junior exploration company whose mission is to acquire highly prospective base and precious metal properties for the benefit of its stakeholders. The Company’s website can be viewed at www.ashburtonventures.com. ON BEHALF OF THE BOARD "Michael England" ___________________________ Michael England, President For further information contact: Telephone: (604) 683-3995 Facsimile: (604) 683-3988 Email: [email protected] 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. |