Ashburton Announces Close of Financing
July 24, 2013 – Vancouver, British Columbia (Source: Marketwired) — ASHBURTON VENTURES INC. (“Ashburton” or the “Company”) (TSX VENTURE:ABR) (FRANKFURT:ARB) is pleased to announce that it has closed on $247,500 in subscriptions for its non-brokered private placement of units at a price of $0.05 per unit, previously announced on March 22, 2013 (the “Offering“).
Closing this financing has enabled us to commence work on our uranium prospects the Sienna North and West projects in the Athabasca Basin and we look forward to having phase one results in hand in the coming weeks.” comments President Mike England.
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Each Unit will be comprised of one common share (“Share”) and one Share purchase warrant of the Company (“Warrant”). Each transferable Warrant will entitle the holder to purchase one Share (a “Warrant Share”) for a period of 60 months from the closing date at an exercise price of $0.10 per Warrant Share.
The common shares and warrants issued pursuant to the private placement and any common shares issued on exercise of the warrants are subject to 4-month resale restriction expiring on November 26th, 2013.
Ashburton Ventures Inc. is a junior exploration company seeking mineral and energy opportunities for the benefit of all of its stakeholders.
ON BEHALF OF THE BOARD
Michael England, CEO and Director
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.
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