Ashton Closes $3.1 Million Private Placement.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Robert T. Boyd, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ashton Mining of Canada Inc. ("Ashton" or the "Corporation")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ACA ACA - Application Control Architecture ), is pleased to report that Ashton has closed the private placement of flow-through common shares announced on November 8, 2004. The Corporation has issued 2,500,000 flow-through common shares on a brokered private placement basis at a price of $1.15 each, for gross proceeds of $2,875,000. Dundee Securities Corporation, the agent for the offering, has received a fee of $143,750 and 125,000 broker warrants. Each broker warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the agent to purchase one common share of Ashton at a price of $1.30 not later than June 6, 2006. In addition, the Corporation has issued 200,000 flow-through common shares on a non-brokered private placement basis at a price of $1.15 each, for gross proceeds of $230,000. Ashton will utilize the gross proceeds from the private placement to support its diamond exploration projects in Quebec and elsewhere in Canada. Ashton's prime objective is the discovery or acquisition of diamond prospects capable of rapid advancement to development and production. Ashton has positioned itself among the leading explorers in the Canadian diamond industry. Its key competitive advantages include significant exploration experience and its in-house processing and laboratory facilities in North Vancouver North Vancouver, city (1991 pop. 38,436), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver, of which it is a suburb. Shipbuilding, woodworking, and the shipping of grain, lumber, and ore are the chief industries. , dedicated exclusively to Ashton's exploration projects. Ashton Mining of Canada Inc. (TSX:ACA) |
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