American Vanadium Announces Equity Financing of up to $2.5 Million

American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) announced a non-brokered private placement of up to $2,500,000, at a price of $0.70 per unit.

As quoted in the press release:

Each Unit consists of one common share (“Common Share”) in the capital of the Company and one half of a share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at the price of CDN$1.00 each for a period of 18 months from closing.

On closing, the Company will pay a finder’s fee in cash of up to 6% of the gross proceeds from the total number of Units sold and Warrants of up to 6% of the number of Units sold.

Click here to read the American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) press release
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