Advanced Explorations Corporate Update

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) and 7th Sea Holding Company have terminated their option agreement as a result of not being able to reach mutually satisfactory terms.  Advanced Explorations will continue to ensure that its highest priority projects, including Roche Bay and Tuktu, are fully supported.

According to John Gingerich, President and CEO of the Company, “The Company’s primary commitment is the Roche Bay development opportunity. In addition to advancing our flagship iron projects, we are also focusing on the restructuring process of our West Melville holdings. The copper-nickel and copper-silver properties are emerging as a very important opportunity with the potential to add significant future value to our shareholders. AEI expects to provide an update on the partnering/spin-out prospects of these assets early in the New Year.”

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: