American Vanadium Retains Market Maker
AMERICAN VANADIUM CORP. ('American Vanadium? or the 'Company?)
(TSX.V: AVC) (OTCQX: AVCVF) is pleased to announce that it has retained
Questrade, Inc. to provide market-making services, in accordance with
TSX Venture Exchange ('Exchange?) guidelines. Questrade will buy and
sell shares of the Company on the Exchange for the purpose of
facilitating trading, or providing liquidity in the Company′s shares.
The term of the agreement is one year, beginning October 1, 2012, at a
cost of $5,500 per month. Questrade will not receive shares or options
as compensation. The Company and Questrade are unrelated and
unaffiliated entities, but Questrade and its clients may have or may
acquire a direct interest in the Company′s securities.
The agreement is subject to the approval of the TSX Venture Exchange.
About American Vanadium Corp.
American Vanadium is developing the only primary vanadium mine in the
United States. The Company′s Gibellini Project, located in Nevada, is
being designed to economically produce vanadium products for the
chemical and titanium alloying industries, as well as vanadium
electrolyte for the energy storage industry.
This strategic asset gives American Vanadium the opportunity to
vertically integrate into the highest value market, mass energy storage.
The Company will focus on producing vanadium electrolyte, powders,
crystals and oxide pellets for premium markets such as grid scale flow
battery systems, chemical and pollution control applications as well as
for the aerospace and defense industry.
A positive Feasibility Study and updated National Instrument 43-101 on
the Gibellini Project were completed by AMEC E&C Services in 2011.
American Vanadium trades on the TSX Venture Exchange as a tier-one
company under the symbol 'AVC?, the OTCQX Market under the symbol
'AVCVF? and the Frankfurt Stock Exchange under the symbol '0UA?.
About Questrade
Questrade Inc., provides Canadians with high-speed, direct access
trading in the U.S. and Canadian stock and options markets through its
IQ trading platforms. Questrade offers market making ?services on behalf
of TSX and TSX Venture Exchange listed companies, providing liquidity on
the stock exchange for shareholders.
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 estimates; and 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, 604488-8795
Director, Corporate Development
mhyslop@americanvanadium.com
www.americanvanadium.com
or
Questrade
Inc.
Eitan ?Spiro, 416-227-9876 x855
Toll free
1-888-783-7866 x855
647-776-7720
Market Making Sales
Representative
espiro@questrade.com