| Home : March 2012 : March 13, 2012 News : Advanced Explorations Inc. Closes $5,000,000 Convertible Debenture Financing |
Advanced Explorations Inc. Closes $5,000,000 Convertible Debenture Financing |
March 13, 2012
TORONTO, ONTARIO--(Marketwire - March 13, 2012) - Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the "Company" or "AEI") announces that it has closed its non-brokered private placement financing (the "Financing") of a $5,000,000 principal amount convertible debenture (the "Debenture") involving strategic partner XinXing Ductile Iron Pipes Co. Ltd. ("XDIP") and its wholly-owned Hong Kong based subsidiary, XinXing Pipes (Hong Kong) Co. Ltd. ("XDIP HK"), previously announced on October 31, 2011 and updated January 9, 2012.
http://www.marketwire.com/mw/release.do?id=1630904&sourceType=3
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