Ashburton Announces Financing with Mineral Fields

Ashburton Ventures Inc. has arranged a non-brokered private placement of $300,000 through the sale of three million flow-through units at 10 cents each to the MineralFields Group. Proceeds of this financing will be used towards the company’s properties in Red Lake and the Yukon.

The Company will pay a finder’s fee to Limited Market Dealer Inc. for this financing equal to 7.5% cash and 5% broker warrants and a finder’s find to Industrial Alliance Securities equal to 2.5% cash and 5% broker warrants.

“We are very pleased to be entering into this relationship with MineralFields Group”, said Mike England, President and CEO. “This is an important milestone in the growth of Ashburton Ventures Inc. and we look forward to working with MineralFields Group as we develop our holdings in the regions.”

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