Advanced Explorations Inc. ADEXF

Transfer of Roche Bay project.....

[MurrayMac]

The transfer of the Roche Bay project is described below from the 2010 Management Information Circular.....

 

XDIP will make an initial contribution of paying for the Feasibility Study ($20,000,000) and at that time and not before, the Company will contribute its 49.9% interest in the Roche Bay Project to the Joint Venture subject to additional financing commitments of XDIP-Huaxin. Based on each party’s initial contributions, XDIP will hold a 28.572% interest in the Joint Venture and the Company will hold a 71.428% interest resulting in XDIP and the Company holding a 14.257% interest and 35.643% interest in the Roche Bay Project, respectively.

 

Enjoy,

 

Murray :)

[MurrayMac]

XinXing's 2010 Press Release has wording concerning this issue, that is the same......translate.googleusercontent.com/translate_c?hl=en&rurl=translate.google.com&sl=zh-CN&tl=en&u=https://www.xinxing-pipes.com/fujian1/gufendt/1005464870235.pdf&usg=ALkJrhhQ8NfmxyaDmY_qWtAG0rln2qpf-A

[zedman4]

[zedman4]

Pluck a duck! Murray my son! Did you take note of section 5.2.2 of the XXING's press release of 2010. Remember that was the time when I  got all excited over the unbelievable high, grade, silver, grab sample that assey something like 60 oz to the ton? Well section 5.2.2 of that nr states that the zingers  have something like 20 million yen earmarked for something they call the

[MurrayMac]

Hello zedman,   I'm not to sure why you are seeking my input on this "silver" issue of yours, for on dozens of occasions I have copy and pasted the factual information concerning the ownership of the East Melville lands for you and others.....and yet you still continue to believe the self serving rhetoric of G&G.   But nonetheless, I will continue to help you

[zedman4]

Well Murry you just burst my high; I actually believed the thing about a silver mine. Your imput is not being questioned, that's why I seek it and after weighing it against others view point , I decide  when should i buy or, not. Anyway the report I read meant a silver mine; so in the end you did me  favor by clearing that point up. On another front....... I just got news that

[MurrayMac]

"Your imput is not being questioned, that's why I seek it and after weighing it against others view point , I decide  when should i buy or, not." I have no interest in when or if you should buy. My only concern is finding and presenting the truth......as hard as that may be at times. :)     "Hopefull Nunavut gets her act together by the time AEI is ready to start

[Greenandgold.]

That's really interesting that AXI wanted to transfer its 49.9% interest in the Roche Bay project to the joint venture vehicle with XinXing. Unfortunately the 2009 agreement with Roche Bay plc specifically prohibits this, unless Roche Bay plc is compensated: *  Tag Along Right "If AEI has not exercised the Property Earn In option or the Buy-Out Option or the Half Buy-Out Option, and