Advanced Explorations Inc.

Advanced Explorations Inc.

April 12, 2006 08:00 ET

Advanced Explorations Inc. Re-Announces Private Placement

TORONTO, ONTARIO--(CCNMatthews - April 12, 2006) - Advanced Explorations Inc. (the "Company")(NEX:AXI.H), wishes to amend and re-announce the Company's proposed private placement announced on February 24, 2006. The Company shall enter into private placements for the sale of up to 2,600,000 units at $0.50 per unit for a total of $1,300,000, where each unit consists of one common share of the Company and one-half of one share purchase warrant, where one whole share purchase warrant shall have a one year term for the purchase of one further common share of the Company at the exercise price of $0.75 per share. The maximum allowable finder's fee shall be payable in connection with these placements.

"Gary Williams"

Gary Williams, Director

This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

Contact Information

  • Advanced Explorations Inc.
    Gary Williams
    (416) 570-0629