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advanced explorations inc (AXI) Snapshot

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advanced explorations inc (AXI) Details

Advanced Explorations Inc., a resource development company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for iron ore, copper, nickel, molybdenum, silver, and gold deposits. The company holds interests in the Roche Bay iron ore, Tuktu iron ore, and Anik projects located on the Melville Peninsula in Nunavut. Advanced Explorations Inc. is headquartered in Toronto, Canada.

advanced explorations inc (AXI) Top Compensated Officers

Chairman and President
Total Annual Compensation: C$115.3K
Compensation as of Fiscal Year 2013.

advanced explorations inc (AXI) Key Developments

Advanced Explorations Inc. To Be Transferred To NEX From TSX Venture Exchange

In accordance with TSX Venture Policy 2.5, Advanced Explorations Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on August 7, 2015, the company's listing will transfer to NEX, the company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of August 7, 2015, the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. Further to the Exchange Bulletin dated May 8, 2015, trading in the shares of the company will remain suspended. Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.

Advanced Explorations Seeking Strategic Alternatives

Advanced Explorations Inc. (TSXV:AXI) is exploring strategic alternatives. While under Bankruptcy and Insolvency Act, Advanced Explorations will continue with its efforts to pursue strategic alternatives.

Advanced Explorations Inc. Announces Executive Changes

Advanced Explorations Inc. announced that Lou Nagy has advised the company that he will be resigning from his position as chief financial officer effective immediately in order to pursue other opportunities. In his place, Carina Da Mota, the company’s controller and director of finance, has assumed the role of acting chief financial officer for the company. Ms. Da Mota is the company’s current director of finance and has been with AEI for over 7 years in various capacities.

 

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