Advanced Exploration (ADEXF) 0.0150 $ADEXF
Advanced Explorations Inc. Announces Board Changes and Debenture
Marketwired - Wed Nov 05, 12:56PM CST
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce changes to the composition of its Board of Directors. Dr. Bingguo Jia and Mr. Yanjun Zhang will be joining the Board and Mr. Robert Telewiak and Mr. Jim Excel will be stepping down. The restructuring of AEI's Board is in part a response to the anticipated increased Chinese participation in AEI's iron ore projects through the proposed Parkson Star Ltd. (HK) ("Parkson" transaction. The proposed 80:20 Joint Venture ("JV" structure, which was approved by AEI's shareholders at its July 4th, 2014 annual general meeting of shareholders, reduces AEI's participation to a 20% carried interest. Having a stronger shareholder presence on the Board is also expected to improve the liaison between AEI, its strategic stakeholders and its proposed joint venture partner.
AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Provides Corporate Update
Marketwire - Fri Jul 25, 4:07PM CDT
Advanced Explorations Inc. (the "Company" or "AEI" (TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce that following shareholder approval of the Parkson Star joint venture transaction contemplated under the Memorandum of Understanding ("MOU" signed on May 13, 2014, between the Company and Parkson Star (HK) Ltd. ("Parkson Star" - see press release dated July 11, 2014 - it has been in discussions with Parkson Star and AEI's judgment creditors regarding the implementation of the MOU, including the payment of AEI's obligations to such judgment creditors. Under the MOU, such obligations are to be assigned to, and paid by, the to-be-formed wholly owned subsidiary, Savik Iron Mines ("Savik" . All parties are working in good faith to proceed with the close of the Parkson Star joint venture transaction and the discharge of the obligations as part of the process.
AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Announces Results of Annual and Special Meeting of Shareholders
Marketwire - Fri Jul 11, 10:05AM CDT
Advanced Explorations Inc. (the "Company" or "AEI" (TSX VENTURE: AXI) (FRANKFURT: AE6) is pleased to announce the voting results from the Company's Annual General and Special meeting of shareholders held on July 10, 2014 (the "Meeting" .
AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Announces Receipt of Second Tranche of Non-Brokered Private Placement
Marketwire - Fri Feb 21, 1:00PM CST
Advanced Explorations Inc. (the "Company" or "AEI" (TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce that it has received the second tranche of the non-brokered private placement previously announced on November 11, 2013. The closing of the second tranche remains subject to the conditional approval of the TSX Venture Exchange. Pursuant to the second tranche, a total of 10,000,000 units (the "Units" are to be sold at a price of $0.05 per Unit for gross proceeds of $500,000. 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.
AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Announces Board Changes and Debenture
Marketwired - Wed Nov 05, 12:56PM CST
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce changes to the composition of its Board of Directors. Dr. Bingguo Jia and Mr. Yanjun Zhang will be joining the Board and Mr. Robert Telewiak and Mr. Jim Excel will be stepping down. The restructuring of AEI's Board is in part a response to the anticipated increased Chinese participation in AEI's iron ore projects through the proposed Parkson Star Ltd. (HK) ("Parkson" transaction. The proposed 80:20 Joint Venture ("JV" structure, which was approved by AEI's shareholders at its July 4th, 2014 annual general meeting of shareholders, reduces AEI's participation to a 20% carried interest. Having a stronger shareholder presence on the Board is also expected to improve the liaison between AEI, its strategic stakeholders and its proposed joint venture partner. AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Provides Corporate Update
Marketwire - Fri Jul 25, 4:07PM CDT
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce that following shareholder approval of the Parkson Star joint venture transaction contemplated under the Memorandum of Understanding ("MOU" signed on May 13, 2014, between the Company and Parkson Star (HK) Ltd. ("Parkson Star" - see press release dated July 11, 2014 - it has been in discussions with Parkson Star and AEI's judgment creditors regarding the implementation of the MOU, including the payment of AEI's obligations to such judgment creditors. Under the MOU, such obligations are to be assigned to, and paid by, the to-be-formed wholly owned subsidiary, Savik Iron Mines ("Savik" . All parties are working in good faith to proceed with the close of the Parkson Star joint venture transaction and the discharge of the obligations as part of the process. AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Announces Results of Annual and Special Meeting of Shareholders
Marketwire - Fri Jul 11, 10:05AM CDT
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI) (FRANKFURT: AE6) is pleased to announce the voting results from the Company's Annual General and Special meeting of shareholders held on July 10, 2014 (the "Meeting" . AXI.VN: 0.025 (+0.005)
Advanced Explorations Inc. Announces Receipt of Second Tranche of Non-Brokered Private Placement
Marketwire - Fri Feb 21, 1:00PM CST
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce that it has received the second tranche of the non-brokered private placement previously announced on November 11, 2013. The closing of the second tranche remains subject to the conditional approval of the TSX Venture Exchange. Pursuant to the second tranche, a total of 10,000,000 units (the "Units" are to be sold at a price of $0.05 per Unit for gross proceeds of $500,000. 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. AXI.VN: 0.025 (+0.005)
