Advanced Explorations Inc. (CVE:AXI) announces that it has closed its non-brokered private placement financing (the "Financing") of a $5,000,000 principal amount convertible debenture (the "Debenture") involving strategic partner XinXing Ductile Iron Pipes Co. Ltd.
Advanced Explorations Inc.
Advanced Explorations Inc. (CVE:AXI) is pleased to provide an update on the development of its iron ore assets in Nunavut. As per AEI's Framework Agreement with XinXing Pipes Group ("XXP") the Company is in the process of restructuring its holdings to facilitate the assignment of its interests in the East Melville iron ore assets into a new enterprise controlled by AEI.
Asian Activities Report for July 1, 2011: Cougar Energy (ASX:CXY) Announce Project Progress in China and Mongolia
Asian Activities Report for July 1, 2011 includes: Cougar Energy (ASX:CXY) updated on projects in China and Mongolia; Advanced Explorations Inc. (CVE:AXI) announced positive voting results for the proposed Joint Venture with Xinxing Ductile Iron Pipes Co., Ltd (SHE:000778); Silver Mines Limited (ASX:SVL) announced the first drilling results from its 100% owned Webbs Silver Project; Bow Energy Limited (ASX:BOW) said today that the Cuisinier oil field in Queensland has produced more than 63,000 barrels of oil.
FINANCE VIDEO: Advanced Explorations Inc. (CVE:AXI) President & CEO John Gingerich Speaks at China Mining 2010
John Gingerich, P. Geo is a professional geophysicist (APGO) with over 30 years experience in exploration and mining industry technology. As a past Director of Research, Technical Innovation and Exploration within the Noranda group, John was part of the senior management team and involved in the evaluation, acquisition, and development of mineral opportunities with Canada and around the world.
Advanced Explorations Inc. (CVE:AXI) (ETR:AE6) is pleased to announce that it has provided notice to Alaskan based 7th Sea Holding Company LLC ("7th Sea") in accordance with the option agreement (the "Agreement") as press released August 18, 2010, that it will exercise its right to earn up to 100% interest in 7th Sea's Alaskan claims (the "Project"). The Agreement and the Company's election remain subject to TSX Venture Exchange approval.