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    American Vanadium Announces Non-brokered Private Placement

    Investing News Network
    Feb. 25, 2014 08:54AM PST
    Battery Metals

    American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) announced a non-brokered private placement of up to up to $5 million, consisting of 12,500,000 units at the price of $0.40 per unit.

    American Vanadium Corp. (TSXV:AVC,OTCQX:AVCVF) announced a non-brokered private placement of up to up to $5 million, consisting of 12,500,000 units at the price of $0.40 per unit. The Company also announced the termination of the expiry of warrants issued in connection with a private placement closed on September 30, 2013 and November 4, 2013.

    As quoted in the press release:

    Each Unit shall consist 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 $.60 per Warrant for a period of two years from closing.

    …The Company also announces that it wishes to extend the termination of the expiry of the Warrants exercisable at $0.60 each (“$0.60 Warrants) issued in connection with a private placement which closed on September 30, 2013 (first tranche) and November 4, 2013 (second tranche) as follows:
    a)To extend the expiry date on the first tranche from March 30, 2014 to September 30, 2014; and
    b)To extend the expiry date on the second tranche from May 4, 2014 to November 4, 2014.

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

    tsxv:avcamerican vanadiumprivate placementotcqx:avcvfamerican vanadium corp
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