Antwort auf Beitrag Nr.:
34.395.149 von Sharp2000 am 27.06.08
TORONTO, Jun 27, 2008 (Canada NewsWire via COMTEX) ----Timothy
German, President of Melville Capital Corporation ("MCC") has
advised that MCC has entered into a term sheet for the financing
and support of the MCC agreement with AEI for the financing of the
Roche Bay Project by China Steel Resources Investments Ltd.
("CSRI"). The signed term sheet indicates a comprehensive working
relationship with AEI, MCC, and various local and territorial
The pulling together of these many different elements into a strong
working partnership has required considerable consultation and
approval from many participants. This consultative process requires
time for all parties to provide full input and will be ongoing for
the foreseeable future. Despite the considerable efforts to meet
the MCC investment timelines, CSRI and MCC require additional time
to complete the administrative and regulatory processing
requirements including the release of funds will require an
extension of the closing date to July 4th, 2008 which has been
granted by the Company.
MCC is working with the Baron Group through their offices in
Beijing, Hong Kong and Toronto to facilitate the process and would
like to acknowledge their support in enabling the process to
continue in an efficient and timely manner.
John Gingerich, President & C.E.O. stated: "We are pleased to
provide the opportunity to allow a company of the caliber of China
Steel Resources Investments Ltd. to conclude its business with MCC.
This represents a potential significant addition to our
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
AEI, based in Toronto, Canada, is exclusively focused on developing
high quality iron ore opportunities. In early 2007 the Company
expanded its capabilities in iron ore exploration and development
with the acquisition of the Roche Bay iron ore project and
strategic management personnel. AEI has the management, technical
and exploration expertise and experience to rapidly advance the
Roche Bay magnetite project, which was acquired in June 2007, as
well as develop new opportunities in the area and globally. The
Roche Bay magnetite project is located proximal to a natural
harbour which makes it potentially one of the world's premier iron
ore opportunities. Shares of the company trade on the TSX Venture
Exchange under the symbol AXI. For more information please visit
ABOUT Melville Capital Corporation
Melville Capital Corporation is a private equity firm with
international relationships to private and institutional funds,
strategic industry partners and Aboriginal leadership. The Chairman
and CEO of Melville Capital, Mr. Roman Bittman is a prominent
Aboriginal Canadian financier and entrepreneur in the resource,
environmental remediation and media industries in Canada, the
United States and China. He also manages and advises a team that
includes senior executives in infrastructure development. Mr.
Timothy German, President of Melville Capital, has acted as a
consultant and held management positions over the years for both
private and public sector resource based companies. Mr. William
Thomson is a strategic advisor who has been a senior executive with
several national and international public logistics, primary
manufacturing and infrastructure companies. Mr. Ernie Belyea is a
lawyer with broad management experience and is currently senior
corporate counsel for the Ontario Power Authority. Jim Antoine, a
former Premier of the NWT and Chief of Liidlii Kue First Nation,
has strong relationships with senior levels of territorial and
federal governments and leaders in First Nations, Inuit and
Aboriginal communities and businesses across Northern Canada.
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF
This news release also 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.
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
SOURCE: Advanced Explorations Inc.
John Gingerich, President & CEO, Tel: (416) 203-0057
Copyright (C: 17.25, -0.42, -2.37%) 2008 CNW Group.
All rights reserved.
Eine Zusammenarbeit der China Steel Resources Investments Ltd. mit
Melville Capital Corporation um sie bei Fragen und
Wissensmanagement zu der Finanzierung zu unterstützen und dafür zu
Sorgen, dass alles zu den gewünschten close-lines abgeschlossen
Zeigt wiederum sehr deutlich, dass dieses ganze Fake-Gesabbel von
diesen Shortsellern wie 4 now und und und, nur dazu dient sich zu
bereichern und dazu versuchen diese noch Samariter zu spielen. Wer
hier von Fake redet ist ein Shortseller und sollte belächelt und
dazu gegrillt werden. Die Zeit wird kommen man sollte nur ruhig
Und dies dazu zeigt, die Zukunft von AXI sind bombastisch.