Advanced Exploration (ADEXF) 0.0158 $ADEXF
Advanced Explorations Inc. Announces Change in Chief Financial Officer
Marketwired - Mon Jan 26, 2:53PM CST
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) today announced that Lou Nagy has advised the Company that he will be resigning from his position as Chief Financial Officer effective immediately in order to pursue other opportunities. In his place, Carina Da Mota, the Company's Controller and Director of Finance, has assumed the role of acting Chief Financial Officer for the Company.
AXI.VN: 0.025 (unch)
Advanced Explorations Inc. Provides Corporate Update
Marketwired - Fri Jan 16, 8:01AM CST
Advanced Explorations Inc. (TSX VENTURE: AXI)(FRANKFURT: AE6) (the "Company" or "AEI" is pleased to provide an update on its restructuring discussions with its strategic shareholders/partners. A key component of AEI's corporate restructuring plan includes realignment of its underlying royalty agreement entered into on March 31, 2009 (the "Royalty Agreement" with Roche Bay plc and Roche Bay East Limited (collectively "Roche Bay" in response to current market conditions. Pursuant to the Royalty Agreement, in order to maintain its right to increase its ownership from 75% to 100%, AEI is to pay Roche Bay a Mandatory Minimum Payment (as defined in the Royalty Agreement) of $1,000,000, due as of December 15, 2014. Although this payment remains outstanding, AEI and Roche Bay have been in continued negotiations to determine a mutually acceptable path forward. Both parties intend to complete an extension agreement which would provide adequate time for AEI to restructure its corporate affairs in light of current market conditions and allows for the facilitation of the Parkson Star Ltd. (HK) ("Parkson" joint venture (as previously press released on May 13, 2014).
AXI.VN: 0.025 (unch)
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 (unch)
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 (unch)
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 (unch)
Advanced Explorations Inc. Announces Change in Chief Financial Officer
Marketwired - Mon Jan 26, 2:53PM CST
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) today announced that Lou Nagy has advised the Company that he will be resigning from his position as Chief Financial Officer effective immediately in order to pursue other opportunities. In his place, Carina Da Mota, the Company's Controller and Director of Finance, has assumed the role of acting Chief Financial Officer for the Company. AXI.VN: 0.025 (unch)
Advanced Explorations Inc. Provides Corporate Update
Marketwired - Fri Jan 16, 8:01AM CST
Advanced Explorations Inc. (TSX VENTURE: AXI)(FRANKFURT: AE6) (the "Company" or "AEI"
is pleased to provide an update on its restructuring discussions with its strategic shareholders/partners. A key component of AEI's corporate restructuring plan includes realignment of its underlying royalty agreement entered into on March 31, 2009 (the "Royalty Agreement" with Roche Bay plc and Roche Bay East Limited (collectively "Roche Bay" in response to current market conditions. Pursuant to the Royalty Agreement, in order to maintain its right to increase its ownership from 75% to 100%, AEI is to pay Roche Bay a Mandatory Minimum Payment (as defined in the Royalty Agreement) of $1,000,000, due as of December 15, 2014. Although this payment remains outstanding, AEI and Roche Bay have been in continued negotiations to determine a mutually acceptable path forward. Both parties intend to complete an extension agreement which would provide adequate time for AEI to restructure its corporate affairs in light of current market conditions and allows for the facilitation of the Parkson Star Ltd. (HK) ("Parkson" joint venture (as previously press released on May 13, 2014). AXI.VN: 0.025 (unch)
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 (unch)
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 (unch)
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 (unch)
