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Additional Information
Market: TSX-V
Sector: General Mining - Rare Earth Minerals
EPIC: AVC
Latest Price: C$0.37  (0,00%)
52-week High: C$1.70
52-week Low: C$0.35
Market Cap: C$10.23M
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American Vanadium
www.americanvanadium.com

American Vanadium Corp., formerly Rocky Mountain Resources Corp., is a Canada-based junior mining company. As of November 30, 2010, the Company’s main focus was the development of its Gibellini Project, located in Eureka County, Nevada. In June 2010, the Company initiated a bulk sampling program, comprising collection of samples from both oxide, and transition vanadium zones from four different trenches on the project, and a diamond drill program, which was two-phased. On September 9, 2010, the Company announced that it initiated a feasibility study of its Gibellini Project. In November 2009, the Company sold its interest in the Paris Hills mineral property to Stonegate Agricom Ltd (Stonegate). On September 29, 2010 the Company announced the acquisition of the Del Rio Property, a new vanadium project located approximately eight miles south of the Gibellini Project.

Full American Vanadium profile here
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American Vanadium closes $3.5m private placement financing

19th Jul 2011, 4:31 pm by Deborah Sterescu

American Vanadium (CVE:AVC) said Monday that it has closed the $3.5 million non-brokered private placement financing, first announced in late June.
 
The company issued 2.33 million units at a price of $1.50 per unit, with each unit consisting of one common share and one quarter of a non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $2.00 each until January 15, 2013.

American Vanadium paid a cash finder's fee of over $143,000 in connection with the offering, and issued 23,940 finder's warrants.

The proceeds from the financing will be used to begin the detailed engineering process at the company’s Gibellini Vanadium project in Nevada.

Vanadium is used as an alloying metal to strengthen steel, and is also used with mass storage cells and lithium vanadium batteries for renewable energy.

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.