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American Vanadium Corp. (CVE:AVC) reports the completion of the non-brokered private placement financing.
The press release is quoted as saying:
Upon closing of the Offering, 2,334,667 units (“Units”) were issued at a price of $1.50 per Unit, with each Unit consisting of one common share (a “Common Share”) and one-quarter of non-transferable common share purchase warrant (each whole warrant, a “Warrant”), for gross proceeds to the Company of $3,502,000.50. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $2.00 each until January 15, 2013.
Click here to access the entire news release.
Click here to access American Vanadium’s company profile.(TSXV:AVC)