VANCOUVER, Aug. 29 /CNW Telbec/ - ANDOVER VENTURES INC. ("Andover" or the
"Company") (AOX: TSX-V; R2X-FRANKFURT) reports today, further to the Company's
news release dated July 2, 2008, an update on its ongoing non-brokered private
placement (the "Private Placement") of 10,000,000 units (the "Units") at a
price of $0.50 per Unit for aggregate proceeds of up to $5,000,000.
The Company closed the first tranche of the Private Placement consisting
of 1,920,000 Units on July 31, 2008, and the second tranche consisting of
130,000 Units on August 5, 2008.
The Company expects it will complete a third and final tranche of the
Private Placement shortly.
Andover's website: www.andoverventures.com
ON BEHALF OF THE BOARD
Signed: "Gordon Blankstein"
The TSX Venture Exchange has not reviewed not does it accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Investor Relations: Richard Martens,
1-604-682-2168, Int'l Toll Free: 1-800-266-4484, Facsimile: (604) 682-2169,
firstname.lastname@example.org; Renmark Financial Communications Inc.: Jen Power:
email@example.com; Neil Murray-Lyon:
firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717,