Ashton Closes First Stage of Share Offering.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 29, 2001 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. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACA ACA - Application Control Architecture .) ("Ashton" or the "Corporation") is pleased to announce that the Corporation has issued 857,142 flow-through common shares at $0.70 per share and 2,089,552 common shares at $0.67 per share to two member companies of the Rio Tinto group Rio Tinto is a multinational mining and resources group founded originally in 1873. The group is one of the world's largest mining companies, with a pre-tax profit of approximately 10.2 billion US dollars in 2006 on consolidated turnover of 25.4 billion USD. under the private placement announced on July 31, 2001 for proceeds of $2 million. These proceeds will be used to fund Ashton's on-going exploration programs in the Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. , Nunavut, Alberta and Quebec, and for general corporate purposes. As a result of this private placement, Ashton Canada Pty. Limited, an indirect, wholly-owned subsidiary of Rio Tinto Limited, now owns 26,575,493 common shares of the Corporation and QIT-Fer et Titane, Inc., an indirect, wholly-owned subsidiary of Rio Tinto plc, now owns 857,142 common shares. Ashton has been advised by Rio Tinto that it does not intend to acquire additional common shares at the present time. Ashton expects to raise additional funds under this offering before the end of August. |
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