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| Home : Advanced Explorations Inc. Announces Over-Subscription of Private Placement |
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Oct 08
2013 |
Advanced Explorations Inc. Announces Over-Subscription of Private Placement |
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TORONTO, ONTARIO--(Marketwired - Oct. 7, 2013) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI) (FRANKFURT:AE6) announced today that the private placement previously announced on September 27, 2013 has been over-subscribed. The Company now proposes to issue up to 5,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds up to $250,000 (the "Offering"). Each Unit is comprised 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. |
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| Source:http://www.marketwired.com/mw/release.do?id=1838619&sourceType=3 |
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