Business
AIVN Acquires 100% of Placer Gold Prospecting, through Stock Exchange Agreement
AIVN Acquires 100% of Placer Gold Prospecting, through Stock Exchange Agreement.
About this update from American International Ventures, Inc.
[{"type":"text","content":"March 26, 2012 - American International Ventures, Inc., (“AIVN”) Symbol AIVN.OB, proudly announces today that AIVN has acquired one hundred percent of the shares of Placer Gold Prospecting, Inc. (PGPI) for 162,350,000 common shares of AIVN on March 23, 2012. Following the transaction AIVN has 181,695,044 common shares of its stock issued and outstanding.AIVN OWNS 100% OF PLACER GOLD PROSPECTING, INC AND PGPI OWNS 100% OF ITS 60 PATENTED AND UNPATENTED MINING CLAIMS, COVERING APPROXIMATELY 4000 ACRES OF EIGHT HISTORICALLY PROVEN PAST PRODUCING MINERAL PROPERTY MINES IN NEVADA. This collection of ten prime historically proven mineral properties, consisting of eight locations in Nevada; includes plans to build a stationary plant and gold mill on its patented property in Mineral County, Nevada. PGPI is already in the process of setting up its portable pilot plant operation in Nye County and Sierra County Nevada, capable of crushing 30-50 tons per hour. The permitting process is already underway on two of the mines in Nevada. About Placer Gold ProspectingPlacer Gold Prospecting has achieved a unique niche position in the mining industry by developing historically proven mines that only a small percentage of the precious metal resource has been disturbed. Reactivating these proven producers allows us to take advantage of the global demand for precious metals.Our strategy in developing historical mining projects from only past producers who successfully produced gold and silver until 1942 when all gold production in the US was halted due to WWII, has really paid off well for the Company by providing large amounts of gold ore tailings and large undisturbed reserves allowing commercial operations to start in Nevada by June this year.We have structured our organization to be a nimble, fast and most importantly, we have assembled equipment plus a strong boot strap organization of good people all from Nevada. Ret. Major Jerry D. Scott, USAF, president of Placer Gold Prospecting, Inc. and COO of AIVN stated “we are in a 60 day transition period of establishing our home base in Beatty, Nevada, in order to start mining operations by June 1, 2012.” Mr. Jack Wagenti, CEO and Chairman of AVIN stated “this is only the first of many mining companies and great historical mining properties we will acquire ...