Good night, Axi TORONTO, ONTARIO--(Marketwired - Nov. 11, 2013) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) announced today that it plans to complete a non-brokered private placement of up to 28,000,000 units ("Units") at a price of $0.05 per Unit for gross proceeds up to $1,400,000 (the "Offering"). Each Unit is comprised 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. No commission or finder's fee will be paid in connection with the private placement.
The Offering is subject to completion and execution of appropriate documentation and acceptance for filing by the TSX Venture Exchange.
The Company also wishes to announce that John Gingerich, who went on medical leave April 23, 2013 (see press release dated April 23, 2013), has now assumed all of his previous duties. The Company wishes to thank Bernie Swarbrick for his service as Acting President during this period.
ON BEHALF OF THE BOARD
John Gingerich, President