Mr. James Atkinson reports
ADVANCED GOLD EXPLORATION ANNOUNCES PROPOSED DEBT SETTLEMENT
Advanced Gold Exploration Inc. has agreed to settle an aggregate of $16,650 of indebtedness to an arm's-length creditor of the company through the issuance of 602,410 common shares in the capital of the company at a price of five cents per common share. The common shares issued pursuant to the debt settlement shall be subject to a four-month hold period and completion of the transaction remains subject to final acceptance of the Canadian Securities Exchange.
About Advanced Gold Exploration Inc.
Advanced Gold Exploration (formerly Advance United Holdings Inc.) brings an entirely different approach to the mining industry. The company does not mine. Rather, it has acquired a portfolio of undervalued gold properties and is increasing their value through the application of modern technology. The company has a growing pipeline of similar properties that it is looking to acquire. It is involved exclusively in the acquisition and advancement of past projects -- with no intent to bring them back into production or to mine them itself. Advanced Gold Exploration's expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but the company believes have economic value at today's prices. The company finances the reworking historic data and applying modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing the current value. Its purpose is to bring immediate and long-term value to its partners and shareholders while seeking to eliminate exploration risk, so that it can all advance in the shortest possible time frame.
We seek Safe Harbor.
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