Ashburton Ventures Inc. (TSXV:ABR) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.09 per unit for an aggregate gross proceeds of CAD 900,000 on January 4, 2018. Each unit is comprised of 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 CAD 0.18 per warrant share for a 24 month period after the closing date. 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 after 6 months from closing, 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 news release, announcing that it has elected to exercise this acceleration right. The company may pay finder's fees to agents of the company. The transaction is subject to TSX Venture Exchange approval.