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| Home : Advanced Explorations Inc. Completes $5,000,000 Private Placement |
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Nov 03
2012 |
Advanced Explorations Inc. Completes $5,000,000 Private Placement |
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TORONTO, ONTARIO--(Marketwire - Nov. 2, 2012) - Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6)(the "Company") announced today that it has completed its previously announced $5,000,000 convertible debenture private placement with XinXing Ductile Iron Pipes Co. Ltd. ("XDIP"). In connection with the Framework Agreement entered into between the Company and XDIP, as described in the Company's August 21, 2012 press release, the Company has issued to XDIP a $5,000,000 principal amount convertible debenture (the "Debenture"). The Debenture is non-interest bearing and matures on November 5, 2014 (the "Maturity Date"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1721218&sourceType=3 |
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