Advanced Explorations Inc. (TSXV:AXI) announced a non brokered flow-through private placement of 14,000,000 flow-through units at a price of CAD 0.24 per unit for gross proceeds of CAD 3,360,000 on September 10, 2012. Each flow-through unit consists of one flow-through common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.40 per share for a period of 24 months from the closing date.

In case the closing trading price for the company's common shares on the TSX Venture Exchange is equal to or greater than CAD 0.75 per share for five consecutive trading days occurring any time after four months from the closing date, then the company may, at its option, accelerate the expiry of the warrants by giving notice to the holders thereof and in such case the warrants will expire on the date which is the earlier of 30th day after the date on which such notice is given or the original expiry date. The company may pay a finder's fee in shares, cash, warrants or a combination of all in connection with this transaction which will not exceed the maximum allowable under the policies of the TSX Venture Exchange.