Advanced Gold Exploration Issues 400,000 Shares Under Option Agreement

Advanced Gold Exploration (AUEX.CN) late Thursday said it issued 400,000 shares under an option agreement to acquire an Ontario copper, gold and zinc property. The option agreement, with Bounty Gold and Last Resort Resources, grants the company an option to acquire the Muriel-Marr Project in the Thunder Bay North district of northwestern Ontario, it said. The shares were issued as partial consideration for the exercise of the option, added the company. The company's shares closed unchanged at C$0.14 Thursday on the Canadian Securities Exchange.