American Vanadium Closes Non-Brokered Private Placement

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.(CVE:AVC)