Advanced Explorations Inc. (TSXV:AXI) announced a non-brokered private placement of 8,571,428 units at CAD 0.07 per unit for gross proceeds of CAD 600,000 on May 14, 2014. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.14 per share for a period of 24 months.

The transaction will include participation from a new investor, Parkson Star Ltd. (HK). The transaction is subject to approval by company's shareholders and the customary regulatory approvals.