Advanced Explorations Inc. (TSXV:AXI) announced a non brokered private placement of 28,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 1,400,000 on November 11, 2013. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one common share of the company at a price of CAD 0.10 for a period of 24 months following the closing date. The company will not pay any commissions or finder's fee in connection with the transaction. The transaction is subject to approval of the TSX Venture Exchange.

On December 17, 2013, the company announced that it has issued 10,000,000 units for gross proceeds of CAD 500,000 in the first tranche. All securities issued in connection with the first tranche are subject to a four-month hold period that expires on April 18, 2014. The transaction remains subject to final approval of the TSX Venture Exchange.

On February 21, 2014, the company announced that it will issue 10,000,000 units for gross proceeds of CAD 500,000 in the second tranche. The closing of the second tranche remains subject to the conditional approval of the TSX Venture Exchange.