GREY:ADEXF - Post by User
Post by
hundredvanities1on Jul 17, 2012 6:46pm
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Post# 20123630
Financing Closed
Financing Closedhttps://www.marketwire.com/press-release/advanced-explorations-inc-announces-closing-of-brokered-financing-tsx-venture-axi-1681019.htm
Financing closed. Only $1.79 million raised (out of $3.5 million offered). Investors didn't want the flow-through shares, only 5 million sold out of 12.5 million offered. They did want the 21 cent shares with full warrants.
AXI nets about $1.67 million after broker fees. That will carry them through the end of the quarter (September)?