American Vanadium Announces Private Placement of up to $2.5 Million

American Vanadium Corp. (TSXV:AVC) reports a non-brokered private placement of up to $2.5 million at the price of CDN$1.50 per unit.  

The press release is quoted as saying:

Each Unit consists of one common share in the capital of the Company and one-quarter of a share purchase warrant exercisable at the price of $2.00 each for a period of 18 months from closing.

American Vanadium’s President and CEO, Bill Radvak says:

“With our Feasibility Study now anticipated to be completed by AMEC in the third quarter of this year and the environmental permitting process proceeding, the proceeds of this private placement will be used to begin the detailed engineering at the Company’s Gibellini Vanadium Project in Nevada.”

 Click here to access the entire news release.

Click here to access American Vanadium’s company profile.(TSXV:AVC)