American Vanadium Corp. Announces Grant of Options to Chairman
Vancouver, British Columbia CANADA, May 31, 2012 /FSC/ - American Vanadium Corp. (AVC - TSX Venture, AVCVF - OTC Pink), ("American Vanadium" or the "Company") reports that it granted a total of 75,000 options at the exercise price of $0.70 each to its Chairman of the Board. The stock options are granted pursuant to the Company's Stock Option Plan, as amended and are for a term of five years from the date of grant.
About American Vanadium Corp.
American Vanadium is currently developing the Gibellini Project, a vanadium deposit located in Nevada, USA. Vanadium is a critical alloying metal used to strengthen steel and is also growing in importance in emerging uses such as mass energy storage and next generation lithium-vanadium batteries. The Company's Gibellini Project is unique in its design to economically produce vanadium pentoxide for the steel and alloying industries, as well as vanadium electrolyte for the mass storage industry. A positive Feasibility Study and updated National Instrument 43-101 Technical Report on the Gibellini Project have been completed by AMEC E&C Services, Inc. in 2011.
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
For further information, please contact:
Bill Radvak, President & CEO
Phone: (604) 488-5417
Email: bradvak@americanvanadium.com
or
Mike Hyslop, Director, Corporate Development
Phone: (604) 488-8795
Email: mhyslop@americanvanadium.com
Web site: www.americanvanadium.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Suite 1028, 550 Burrard Street, Box 61,
Vancouver, B.C., Canada V6C 2B5.
Tel: (604) 681-8588
Fax: (604) 681-4692
www.americanvanadium.com
To view this press release as a web page, please click on the following link:
http://www.usetdas.com/pr/avc05312012.htm
Source: American Vanadium Corp.(TSXV: AVC) http://www.americanvanadium.com
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