Advanced Explorations Inc. (TSX-V: AXI) expects to enter into a definitive agreement with XinXing Pipes Group (“XXP”) regarding a strategic investment by October 15, 2010 as a result of XXP’s recently completed review of and site visit to the Company’s Roche Bay project. The basis of the definitive agreement is a process by which XXP can acquire a substantial direct or indirect interest in the project in exchange for technical and financial support to ensure AEI’s development of the project.
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