Advanced Explorations announced today that it has filed Notice of Intention to Make a Proposal under the provisions of Part III of the Bankruptcy and Insolvency Act (Canada). Pursuant to the Notice of Intention, Macpherson & Associates has been appointed as the trustee in the Company's proposal proceedings and will assist the Company in its [...]
Advanced Explorations announced that a temporary cease trade order preventing trading in the Corporation's shares has been issued by the Ontario Securities Commission due to the Company failing to file its annual audited financial statements for the period ended Dec 31, 2014, and its management's discussion and analysis relating thereto before the [...]
Advanced Explorations today announced that it has completed the shares for debt transaction announced on February 24, 2015 after receiving approval from the TSX Venture Exchange. Pursuant to the shares for debt transaction, the Company has issued 8,324,630 common shares at a deemed price of $0.05 per Share in full settlement of debt in the amount [...]
Advanced Explorations is pleased to announce that further to its press release of January 16, 2015, the Company has entered into an additional settlement agreement with an arm's length creditor of the Company. Pursuant to the Settlement Agreement, AEI would issue 8,324,630 common shares of the Company at a deemed price of $0.05 per common share in [...]
Advanced Explorations today announced that Lou Nagy has advised the Company that he will be resigning from his position as Chief Financial Officer effective immediately in order to pursue other opportunities. In his place, Carina Da Mota, the Company's Controller and Director of Finance, has assumed the role of acting Chief Financial Officer for [...]
Advanced Explorations is pleased to provide an update on its restructuring discussions with its strategic shareholders/partners. A key component of AEI's corporate restructuring plan includes realignment of its underlying royalty agreement entered into on March 31, 2009 with Roche Bay plc and Roche Bay East Limited in response to current market [...]
Advanced Explorations is pleased to announce changes to the composition of its Board of Directors. Dr. Bingguo Jia and Mr. Yanjun Zhang will be joining the Board and Mr. Robert Telewiak and Mr. Jim Excel will be stepping down. The restructuring of AEI's Board is in part a response to the anticipated increased Chinese participation in AEI's iron ore [...]
Advanced Explorations is pleased to announce that following shareholder approval of the Parkson Star joint venture transaction contemplated under the Memorandum of Understanding signed on May 13, 2014, between the Company and Parkson Star (HK) Ltd. - see press release dated July 11, 2014 - it has been in discussions with Parkson Star and AEI's [...]
Advanced Explorations is pleased to announce the voting results from the Company's Annual General and Special meeting of shareholders held on July 10, 2014. The six nominees as proposed by the Company were elected to the board. The directors are Mr. John Gingerich, Mr. James Excell, Mr. Lei (Eric) Guo, Mr. Robert Collette, Mr. Raziel Zisman, Mr [...]
Advanced Explorations is pleased to announce that it has signed a memorandum of understanding with Parkson Star for the joint development of the Company's Roche Bay Iron Ore Project into production. Pursuant to the Cooperation Agreement, AEI will commence the formation of a wholly owned subsidiary corporation named Savik Iron Mines Ltd. in a [...]
Advanced Explorations announced today that Mr. Eric Guo will be taking over the role of Chief Executive Officer for the Company while Mr. Gingerich will continue in his current roles as President and Board Chairman. Mr. Guo, who has served as a Board member since November 2009, has been actively involved in the day to day operations of the Company [...]
Advanced Explorations announced today that it has entered into an memorandum of understanding with XinXing Pipes (Hong Kong) Co. Limited, a subsidiary of XinXing Ductile Iron Pipes Group Co. pursuant to which the Parties have agreed to amend the terms of the Convertible Debenture Agreement dated March 2, 2012. The Company and XDIP have agreed in [...]
