Advanced Explorations Inc. ADEXF

Xinxing Ductile Iron Pipes promote the AEI Company

[going-on]

Interesting News found in the German Wallstreet Forum. This Info was translated with Google

Xinxing Ductile Iron Pipes promote the AEI Company iron ore project

Emerging occasion of China Group issued a press release on February 13, said its Xinxing Ductile Iron Pipes (000778.SZ) intended to be a wholly owned registered in Hong Kong, thus accelerating the progress of the iron ore project in Canada AEI.

The company tentatively called "Ductile Iron Pipes") for the Xinxing Ductile Iron Pipes (Hong Kong) Company (registered capital of HK $ 38.5 million, set up after as a platform for foreign investment and import and export trade of the Xinxing Ductile Iron Pipes . Its principal activities include subscription AEI issuance of convertible bonds, holding and operational the AEI stocks held; appoint directors to participate in the management and operation of foreign investment projects; ore products and ductile iron pipes, iron and steel products, steel grating, steel and other metal products purchase and sale trade.

Xinxing Ductile Iron Pipes and Canada in November 2011 the Advanced Explorations Inc. (AEI), an agreement intended to subscribe for the AEI issued $ 5 million zero coupon convertible bonds. Canada is a center of global mining capital markets; The company said the move can improve the iron and steel industrial chain, enhance its core competitiveness.

Ended at 10:30 on the 13th, Xinxing Ductile Iron Pipes at 7.06 yuan, or 1.12 percent.

source: https://translate.google.de/translate?hl=de&sl=zh-CN&tl=en&u=http%3A%2F%2Fgegu.stock.cnfol.com%2F120213%2F125%2C1332%2C11740275%2C00.shtml

Wallstreet Forum: https://translate.google.de/translate?hl=de&sl=de&tl=en&u=http%3A%2F%2Fwww.wallstreet-online.de%2Fdiskussion%2F1128475-17961-17970%2Fdiskussionsthread-aei-advanced-explorations-a0d8zt

[going-on]

And here is the official version from XingXing translated with Google. The 5 Mio can comeRecently, emerging Jihua Group Xinxing Ductile Iron Pipes Co., Ltd. to accelerate the progress of the iron ore project in Canada AEI and as a platform to further stabilize the upstream raw material supply, improve the iron and steel industry chain, the formation of new economic growth to enhance the core

[Greenandgold.]

This looks like the same XinXing news release from January 7th, recycled by a news service. Is there anything new? No, it just says XinXing is establishing a Hong Kong subsidiary to invest in AEI. That news was out last month. * There's no new press release on XinXing's website or on any of the reputable business newswires. This new release looks bogus. 

[Greenandgold.]

Nevermind, the XinXing website does confirm this news release. What does it mean? Where's the money and when is it coming to AXI?

[Shlinker_]

And it appears Green and Gold is spending lots of his own time (at work) looking for news releases from the translated web pages. I appreciate your interest in this company goldie locks. ;-) keep up the good work.

[Greenandgold.]

I'm rooting for AXI to get the $5 million debenture closed. They owe Wardrop a couple million for the feasibility study (which they can't pay because they are dead broke), and I'm looking forward to reading the study.