Advanced Exploration (ADEXF) 0.0015 $ADEXF Adva
Post# of 273366
Posted On: 08/21/2016 7:06:43 AM
Advanced Exploration (ADEXF) 0.0015 $ADEXF
Advanced Explorations Files Notice of Intention to Make a Proposal to Its Creditors
Marketwired - Fri Jul 10, 2:06PM CDT
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) announced today that it has filed Notice of Intention to Make a Proposal ("Notice of Intention" under the provisions of Part III of the Bankruptcy and Insolvency Act (Canada) (the "BIA".
AXI.VN: 0.020 (-0.005)
Advanced Explorations Inc. Announces Temporary Cease Trade Order
Marketwired - Fri May 08, 6:17PM CDT
Advanced Explorations Inc. (the "Company" or "AEI" (TSX VENTURE: AXI)(FRANKFURT: AE6) today announced that a temporary cease trade order (the "Temporary Order" preventing trading in the Corporation's shares has been issued by the Ontario Securities Commission due to the Company failing to file its annual audited financial statements for the period ended December 31, 2014, and its management's discussion and analysis relating thereto (collectively, the "Audited Financials" before the prescribed deadline of April 30, 2015, as required under Part 5 of National Instrument 51-102. The Company is currently in the process of completing these Audited Financials and believes that it will be in a position to remedy this default in due course in order to have the Temporary Order lifted.
AXI.VN: 0.020 (-0.005)
IIROC Trade Halt - Advanced Explorations Inc.
Newsfile Corp - Tue May 05, 10:12AM CDT
The following issues have been halted by IIROC:
Advanced Explorations Inc. Announces Completion of Shares for Debt Transaction
Marketwired - Tue Mar 10, 11:39AM CDT
Advanced Explorations Inc. (the "Company" or "AEI" (TSX VENTURE: AXI)(FRANKFURT: AE6) today announced that it has completed the shares for debt transaction announced on February 24, 2015 after receiving approval from the TSX Venture Exchange (the "Exchange".
AXI.VN: 0.020 (-0.005)
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: 0.020 (-0.005)
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: 0.020 (-0.005)
Advanced Explorations Inc. Announces Board Changes and Debenture
Marketwire Canada - Wed Nov 05, 12:55PM 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: 0.020 (-0.005)
Advanced Explorations Files Notice of Intention to Make a Proposal to Its Creditors
Marketwired - Fri Jul 10, 2:06PM CDT
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) announced today that it has filed Notice of Intention to Make a Proposal ("Notice of Intention" under the provisions of Part III of the Bankruptcy and Insolvency Act (Canada) (the "BIA". AXI.VN: 0.020 (-0.005)
Advanced Explorations Inc. Announces Temporary Cease Trade Order
Marketwired - Fri May 08, 6:17PM CDT
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) today announced that a temporary cease trade order (the "Temporary Order" preventing trading in the Corporation's shares has been issued by the Ontario Securities Commission due to the Company failing to file its annual audited financial statements for the period ended December 31, 2014, and its management's discussion and analysis relating thereto (collectively, the "Audited Financials" before the prescribed deadline of April 30, 2015, as required under Part 5 of National Instrument 51-102. The Company is currently in the process of completing these Audited Financials and believes that it will be in a position to remedy this default in due course in order to have the Temporary Order lifted. AXI.VN: 0.020 (-0.005)
IIROC Trade Halt - Advanced Explorations Inc.
Newsfile Corp - Tue May 05, 10:12AM CDT
The following issues have been halted by IIROC:
Advanced Explorations Inc. Announces Completion of Shares for Debt Transaction
Marketwired - Tue Mar 10, 11:39AM CDT
Advanced Explorations Inc. (the "Company" or "AEI"
(TSX VENTURE: AXI)(FRANKFURT: AE6) today announced that it has completed the shares for debt transaction announced on February 24, 2015 after receiving approval from the TSX Venture Exchange (the "Exchange". AXI.VN: 0.020 (-0.005)
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: 0.020 (-0.005)
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: 0.020 (-0.005)
Advanced Explorations Inc. Announces Board Changes and Debenture
Marketwire Canada - Wed Nov 05, 12:55PM 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: 0.020 (-0.005)
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