American Vanadium Closes $3.5 Million Private Placement Financing

American Vanadium Corp. (TSXV: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.

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