Business
Results of Special Meeting
(via Thenewswire.ca) December 12, 2013 - AMERICAN VANADIUM CORP . ("American Vanadium...
About this update from Monitor Ventures Inc
[{"type":"text","content":"Results of Special Meeting(via Thenewswire.ca)\n\n \nDecember 12, 2013 - AMERICAN VANADIUM CORP. (\"American Vanadium\" or the \"Company\") (TSX.V: AVC) (OTCQX: AVCVF) is pleased to report that at the Special Meeting held on December 6, 2013, the shareholders approved the following:\n\n \n \n\n\n1.The issuance of 6,000,000 units of the Company at a price of $0.50 per Unit to Dundee Corporation (\"Dundee\") by way of a private placement (the \"Private Placement\") and the creation of Dundee as a new Control Person; and \n\n\n\n \n \n\n\n2.The issuance of 500,000 common shares of the Company to Mr. William J. Radvak, President and Chief Executive Officer of the Company, in connection with his new executive employment agreement with the Company and on the terms described in the Management Information Circular of the Company dated November 12, 2013. Issuance of these shares is subject to TSX Venture Exchange approval. \n\n\n\n \n \nThe Private Placement is expected to close on or about January 15, 2014 subject to final due diligence and regulatory approval.\n\n \n \nThe securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration thereunder or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities in the United States.\n\n \n \nAbout American Vanadium Corp.\n\n\n \nAmerican Vanadium is an integrated energy storage company that markets and sells GILDEMEISTER'S CellCube vanadium redox flow batteries in North America. American Vanadium is developing the only vanadium mine in the United States, providing a critical source of vanadium electrolyte for CellCube energy storage systems. The Company's Gibellini Vanadium Project, located in Nevada, is being designed to economically produce vanadium electrolyte for the energy storage industry, as well as vanadium products for the steel and alloying industries.\n\n\n \nON BEHALF OF THE BOARD \n\n\n \nBill Radvak, President and CEO\n\n\n \nFor further information, please contact: Dan Schieber, Director, Corporate Finance \n (604) 681-8588 X 106 \n [email protected]\n\n \n \n www.americanvanadium.com\n\n \n \nNEITHER TSX VENTURE ...