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Advanced Explorations Inc. ADEXF

"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."


GREY:ADEXF - Post by User

Post by crazyanalyston Oct 01, 2013 11:47am
226 Views
Post# 21781298

How will they pay back 5 million debenture in March 2014?

How will they pay back 5 million debenture in March 2014?How will AXI pay back debenture of $5 million on March 2014?  Now that they've bought a few months of time with their own money by diluting all shareholders significantly.

Does anyone have any input?

Also a KEY term of the Roche Bay agreement is that they have to spend $1 million on the property EVERY season or they are in breach of contract.

AXI did not spend $1 million on RB in 2013.  This means they are in breach and no longer own it.  No one wanted to tell you that did they....
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