PROGRESSIVE PLANET SOLUTIONS INC (PLAN)

[Sam Dan]

ASHBURTON CLOSES PRIVATE PLACEMENT

Further to its news releases dated Jan. 30, 2017, Feb. 2, 2017, and Feb. 9, 2017, Ashburton Ventures Inc. has completed its non-brokered private placement of 12 million units at a price of 10 cents per unit for an aggregate gross proceeds of $1.2-million.

Each unit comprises one common share and one share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of 15 cents per warrant share until Feb. 20, 2019. The warrants are subject to an acceleration clause, which states that the issuer will have the right to accelerate the expiry date of the warrants if, at any time, the average closing price of the shares is equal to or greater than 30 cents for 10 consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after the issuer issues a new release, announcing that it has elected to exercise this acceleration right.

Finders' fees payable on the placement are $53,600 cash and 536,000 finder's warrants. Finder's warrants are exercisable at 10 cents for a period of 12 months from the closing date.

All securities issued pursuant to the closing of the offering are subject to a hold period expiring on June 21, 2017.

Ashburton Ventures is a Canadian-based junior exploration with mineral projects in Canada and Nevada, United States.uccessful funding. Now to drill!!