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| Home : Advanced Explorations Inc. Announces Closing of Non-Brokered Private Placement |
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Oct 16
2013 |
Advanced Explorations Inc. Announces Closing of Non-Brokered Private Placement |
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TORONTO, ONTARIO--(Marketwired - Oct. 15, 2013) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has closed the private placement previously announced on September 27, 2013. A total of 4,940,000 units (the "Units") were sold for gross proceeds of $247,000. Each Unit consists of one common share of the Company and one common share purchase warrant ("Warrant"), with each Warrant being exercisable to acquire one common share of the Company at a price of $0.10 for a period of 24 months following the closing date of the Offering. The securities issued under the private placement will be subject to a four-month hold period expiring on February 12, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1841339&sourceType=3 |
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