Ashton closes placement

Ashton Mining of Canada (ACA-T) has topped up its treasury with the sale of just under 1.3 million units priced at 75 each. Proceeds are estimated at $940,000.

Each unit consists of one flow-through share and half a warrant. One whole warrant will entitle the holder to buy one additional common share at 95 until June 29, 2002. Proceeds will be used to fund Ashton’s winter and spring diamond exploration programs.