Advanced Explorations Closes $5 Million Convertible Debt

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) has completed a $5 million convertible debt financing with strategic partner XinXing Ductile Iron Pipes and its wholly owned Hong Kong based subsidiary XinXing Pipes.  The debenture is non-interest bearing, has a term of 24 months maturing March 2, 2014, and is convertible into common shares at no less than $0.45 per common share.

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