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| Home : Advanced Explorations Inc. Announces Receipt of $5,000,000 Convertible Debenture Financing |
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Mar 02
2012 |
Advanced Explorations Inc. Announces Receipt of $5,000,000 Convertible Debenture Financing |
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TORONTO, ONTARIO--(Marketwire - March 2, 2012) - Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the "Company" or "AEI") is pleased to announce that it has received US$5,000,000 from its strategic partner XinXing Ductile Iron Pipes Co. Ltd. ("XDIP") as part of its Convertible Debenture Financing (the "Financing") (as press released October 31th, 2011 and January 10th, 2012). The 24-month debenture is interest free to AEI and is convertible by XDIP at a minimum price of $0.45 per share. The closing of the Financing remains subject to acceptance by the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1627144&sourceType=3 |
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