10:04 AM EST - Advanced Explorations Inc. : announced that it has entered into an agreement with Shandong Fulun Steel Company. The Agreement sets out initial terms for a private placement of $2.8 million and a framework for mutual cooperation in the potential development of AEI's other iron projects not pursued by its strategic partner, XinXing Pipes Group Ltd. Advanced Explorations Inc.
shares V.AXI are trading up $.04 at $0.41.
