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Ron Macdonald Appointed as Director of American Vanadium
Ron Macdonald Appointed as Director of American Vanadium Grant of Stock Options Vancouver, B...
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[{"type":"text","content":"\nRon Macdonald Appointed as Director of American Vanadium\n\nRon Macdonald Appointed as Director of American Vanadium\nGrant of Stock Options\nVancouver, British Columbia CANADA, August 04, 2011 /FSC/ - American Vanadium Corp. (AVC - TSX Venture), (\"AVC\") announces the appointment of Ron MacDonald to the Board of Directors, effective immediately.As a former Member of Parliament in Canada for 9 years where he was the Parliamentary Secretary of International Trade, Mr. MacDonald has undertaken and championed a number of high profile projects including lumber, fish, industrial metals, as well as strategic and rare metals. Mr. MacDonald brings vast experience in negotiation with major corporations, NGO's and governments.\n\"When you're the only dedicated mining company of a critical metal in a country like the United States it's imperative that we build a team that can leverage this unique asset to realize its full potential,\" stated Bill Radvak, President and CEO of American Vanadium Corp. \"At a time where the AVC is transitioning into a development and mining company, Mr. MacDonald's experience will be invaluable in providing advice with government level and industry wide negotiations for the AVC.\"\nThe appointment of Mr. MacDonald to the Board of Directors coincided with its approval of a new initiative to lead in the creation of a grid level energy storage industry in the United States.American Vanadium will seek partnerships and joint ventures with global leaders in technology development and manufacture of vanadium flow batteries to leverage its unique US vanadium resource to support the US grid energy storage needs and help meet critical renewable energy and emission reduction targets.\nAmerican Vanadium also announces the granting of a total of 50,000 stock options at the exercise price of $1.25 each for a term of five years to an officer of its subsidiary.The stock options are granted pursuant to the AVC's Stock Option Plan, as amended.\nAbout American Vanadium Corp.\nAmerican Vanadium is currently developing the Gibellini Vanadium Project, a vanadium resource located in Nevada, U.S.A.Vanadium is growing in importance as an alloying metal used to strengthen steel as well as the emerging uses with mass storage cells and lithium vanadium batteries for renewable energy.The Company's Gibellini Vanadium Project is unique i...