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American Vanadium Corp. (CVE:AVC) reports the completion of the non-brokered private placement previously announced on August 23, 2011.
The press release is quoted as saying:
Upon closing of the Offering, 667,000 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 a non-transferable common share purchase warrant (each whole warrant, a “Warrant”), for gross proceeds to the Company of $1,000,500. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $2.00 each until February 28, 2013.
Click here to access the entire news release.
Click here to access American Vanadium’s company profile.(TSXV:AVC)