09:57 AM EST - Advanced Explorations Inc. : provided an update on its restructuring discussions with its strategic shareholders/partners. A key component of AEI's corporate restructuring plan includes realignment of its underlying royalty agreement entered into on March 31, 2009 with Roche Bay plc and Roche Bay East Limited in response to current market conditions. Pursuant to the Royalty Agreement, in order to maintain its right to increase its ownership from 75% to 100%, AEI is to pay Roche Bay a Mandatory Minimum Payment (as defined in the Royalty Agreement) of $1,000,000, due as of December 15, 2014. Although this payment remains outstanding, AEI and Roche Bay have been in continued negotiations to determine a mutually acceptable path forward. Advanced Explorations Inc.
shares V.AXI are trading unchanged at $0.03.
