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Advanced Explorations Inc. Announces Shares for Service Agreement
TORONTO, ONTARIO--(Marketwired - Jul 9, 2013) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) today announced its intention to settle outstanding consulting fees for past services rendered in the aggregate amount of $15,000 by way of the issuance of common shares at a deemed issue price of $0.05. This settlement was made at the election of the consultant pursuant to the terms of its engagement agreement with the Company. The consultant is an arm's length party to the Company.
The completion of the settlement is subject to approval from the TSX Venture Exchange. In accordance with applicable securities legislation, the securities issued pursuant to the settlement are subject to a hold period of four months plus one day from the date of completion of the settlement.
ON BEHALF OF THE BOARD
Bernie Swarbrick, Acting President
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