AMERICAN VANADIUM CORP. ("AVC")
BULLETIN TYPE: Private Placement-Non-Brokered, Warrant Term Extension
BULLETIN DATE: March 4, 2014
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 26, 2013, September 16, 2013 and October 22, 2013:
Number of Shares: 11,660,000 shares
Purchase Price: $0.50 per share
Warrants: 5,830,000 share purchase warrants to purchase 5,830,000 shares at $0.60 per share for a one year period.
5,830,000 share purchase warrants to purchase 5,830,000 shares at $0.80 per share for a two year period.
Number of Placees: 27 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Dundee Corporation Y 6,000,000
Regberg Ltd. (Nelson G. D. Borch) Y 500,000
John Downes Y 30,000
Brett Whalen Y 500,000
Aggregate Pro Group Involvement P 430,000
[5 placees]
Finders' Fees: Canaccord Genuity Group - $600.00 and 600 Finder Warrants that are exercisable into common shares at $0.60 per share to March 30, 2014 and 600 Finder Warrants that are exercisable into common shares to September 30, 2015.
Scarsdale Equities LLC - $1,800 and 1,800 Finder Warrants that are exercisable into common shares at $0.60 per share to March 30, 2014 and 1,800 Finder Warrants that are exercisable into common shares to September 30, 2015.
Dundee Securities Ltd. - $21,000 and 10,200 Finder Warrants that are exercisable into common shares at $0.60 per share to March 30, 2014 and 10,200 Finder Warrants that are exercisable into common shares to September 30, 2015, and, 10,800 Finder Warrants that are exercisable into common shares at $0.60 per share to May 4, 2014 and 10,800 Finder Warrants that are exercisable into common shares to November 4 2015.
Haywood Securities Inc. - $9,000 and 3,000 Finder Warrants that are exercisable into common shares at $0.60 per share to March 30, 2014 and 3,000 Finder Warrants that are exercisable into common shares to September 30, 2015, and, 6,000 Finder Warrants that are exercisable into common shares at $0.60 per share to May 4, 2014 and 6,000 Finder Warrants that are exercisable into common shares to November 4, 2015.
Warrant Term Extension:
The 11,660,00 warrants issued pursuant to the above private place consisted of 5,830,000 warrants that were exercisable into 5,830,000 common shares at $0.60 per share for a six month period and 5,830,000 warrants that are exercisable into 5,830,000 commons hares at $0.80 per share for a two year period. The term of the 5,830,000 warrants that were exercisable into 5,830,000 common shares at $0.60 per share have been extended for one year as follows:
# of Warrants: 4,065,000 warrants
1,765,000 warrants
Original Expiry Date of Warrants: March 14, 2014 (4,065,000 warrants)
May 4, 2014 (1,765,000 warrants)
New Expiry Date of Warrants: September 30, 2014 (4,065,000 warrants
November 4, 2014 (1,765,000 warrants)
Exercise Price of Warrants: $0.60
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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