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ASHBURTON CLOSES FLOW THROUGH PRIVATE PLACEMENT

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Sam Dan Member Level  Tuesday, 06/13/17 01:31:25 PM
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ASHBURTON CLOSES FLOW THROUGH PRIVATE PLACEMENT

Further to the news release of June 5, 2017, Ashburton Ventures Inc. has completed its non-brokered flow-through private placement of 1,315,789 flow-through units at a price of 19 cents per unit for aggregate gross proceeds of $249,999.91. Each FT unit is composed of one flow-through common share and one-half of one non-flow-through share purchase warrant of the company. Each whole warrant will entitle the subscriber to purchase one warrant share for a 12-month period after the closing date at an exercise price of 25 cents per share. Flow-through proceeds raised will be used toward exploration on the company's Buckingham graphite property located in Buckingham township in the province of Quebec.

The company paid a finder's fee of $19,999.99, issued 65,789 finder shares and 65,789 finder warrants. Each finder warrant will entitle the holder to purchase one share for a period of 24 months from the closing date at an exercise price of 25 cents per finder warrant.

Ashburton Ventures is a Canadian-based junior exploration company with mineral projects in Canada and Nevada, United States of America


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