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American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) reported that shareholders approved the issuance of 6,000,000 units of the Company at a price of $0.40 per unit, to Dundee Corporation during the Special Meeting held on December 6, 2013.
As quoted in the press release:
…at the Special Meeting held on December 6, 2013, the shareholders approved the following:
1. The issuance of 6,000,000 units of the Company at a price of $0.50 per Unit to Dundee Corporation (“Dundee”) by way of a private placement (the “Private Placement”) and the creation of Dundee as a new Control Person; and
2. The issuance of 500,000 common shares of the Company to Mr. William J. Radvak, President and Chief Executive Officer of the Company, in connection with his new executive employment agreement with the Company and on the terms described in the Management Information Circular of the Company dated November 12, 2013. Issuance of these shares is subject to TSX Venture Exchange approval.
Click here to read the American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) press release
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