ASHBURTON CLOSED PRIVATE PLACEMENT Ashburton Ve
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ASHBURTON CLOSED PRIVATE PLACEMENT
Ashburton Ventures Inc., further to its news releases dated Dec. 13, 2013, Jan. 22, 2014, and Feb. 6, 2014, has completed its non-brokered private placement of 3.5 million non-flow-through units (NFT units) at a price of five cents per NFT unit and the second tranche of the flow-through portion of its private placement of 2.3 million flow-through units (FT units) at a price of five cents per FT unit for an aggregate gross proceeds of $290,000.
Each NFT unit and FT 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 7.5 cents per warrant share for the first year and thereafter at a price of 10 cents per warrant share until Feb. 18, 2016, subject to the closing sales price of the shares (or the closing bid, if no sales were reported on a trading day) as quoted on the TSX Venture Exchange (or such other stock exchange, quotation system or market on which the shares are listed, and where a majority of the trading volume of the shares occurs) equals or exceeds 15 cents for a period of 10 consecutive trading days, the company may, within five days of such event, provide notice by way of news release to the subscriber of early expiry and thereafter such warrants shall expire on that date which is 30 days from the date such notice is given.
All securities issued pursuant to the closing of the NFT units and second tranche of the FT units announced herein are subject to a hold period expiring on June 19, 2014. The company did not pay finders' fees nor issue finders' warrants with respect to the offering."
ASHBURTON CLOSED PRIVATE PLACEMENT
Ashburton Ventures Inc., further to its news releases dated Dec. 13, 2013, Jan. 22, 2014, and Feb. 6, 2014, has completed its non-brokered private placement of 3.5 million non-flow-through units (NFT units) at a price of five cents per NFT unit and the second tranche of the flow-through portion of its private placement of 2.3 million flow-through units (FT units) at a price of five cents per FT unit for an aggregate gross proceeds of $290,000.
Each NFT unit and FT 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 7.5 cents per warrant share for the first year and thereafter at a price of 10 cents per warrant share until Feb. 18, 2016, subject to the closing sales price of the shares (or the closing bid, if no sales were reported on a trading day) as quoted on the TSX Venture Exchange (or such other stock exchange, quotation system or market on which the shares are listed, and where a majority of the trading volume of the shares occurs) equals or exceeds 15 cents for a period of 10 consecutive trading days, the company may, within five days of such event, provide notice by way of news release to the subscriber of early expiry and thereafter such warrants shall expire on that date which is 30 days from the date such notice is given.
All securities issued pursuant to the closing of the NFT units and second tranche of the FT units announced herein are subject to a hold period expiring on June 19, 2014. The company did not pay finders' fees nor issue finders' warrants with respect to the offering."
Read more at http://www.stockhouse.com/companies/bullboard...ROHDGFz.99
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