American Vanadium Grants Stock Options
AMERICAN VANADIUM CORP. ('American Vanadium? or the 'Company?) (TSX.V:
AVC) (OTC: RMRCF.PK) reports that it granted a total of 65,000 options
at the exercise price of $0.77 to its Chief Financial Officer and a
consultant. 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
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.
Forward-Looking Statements: This press release contains 'forward-looking
information? within the meaning of applicable Canadian securities laws,
including statements regarding the expected use of proceeds from the
Private Placement, and future plans and objectives for the Gibellini
Project. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of American Vanadium to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking information.
Forward-looking information includes estimates of mine production rates
and mine life, revenues from future mining operations, capital and
operating costs, and pay-back period. Factors that may cause actual
results to vary include, but are not limited to, actual results of
current exploration activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future
prices of vanadium; possible variations in reserves, grade or recovery
rates; changes to capital and operating cost estimate, delays in
obtaining governmental approvals or financing or in the completion of
development or construction activities. Although American Vanadium has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. American Vanadium does not undertake to update any
forward-looking statements, except in accordance with applicable
securities laws.
American Vanadium Corp.
Bill Radvak, 604-488-5417
President
& CEO
bradvak@americanvanadium.com
or
Mike
Hyslop, 604-488-8795
Director, Corporate Development
mhyslop@americanvanadium.com
Web
site: www.americanvanadium.com