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| Home : Advanced Explorations Inc. Announces Non-Brokered Flow-Through Financing |
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Sep 10
2012 |
Advanced Explorations Inc. Announces Non-Brokered Flow-Through Financing |
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TORONTO, ONTARIO--(Marketwire - Sept. 10, 2012) - Advanced Explorations Inc. (the "Company") (TSX VENTURE:AXI)(FRANKFURT:AE6) announced today that it plans to raise up to $3,360,000 in gross proceeds through a non-brokered, flow-through private placement issuing up to 14,000,000 "flow-through" units ("FT Units") at a price of $0.24 per FT Unit. The proceeds from the sale of FT Units will be used for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) and will be renounced for the current taxation year. The proceeds are expected to fund further exploration activity on the Company's Anik project and areas outside the option agreements with XinXing Pipes Group Co. Ltd. |
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| Source:http://www.marketwire.com/mw/release.do?id=1699391&sourceType=3 |
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