AIVN Updates Shareholders
Jun 18, 2012
OTC Disclosure News Service
Beatty, NV –
AIVN Updates Shareholders
BEATTY Nevada–(Marketwire -06/18/2012)- American International Ventures, Inc. (AIVN – News) (AIVN.QB – News) is especially happy to update its shareholders with the results of the recent board of directors meeting held on June 15 , 2012.
The AIVN board of directors unanimously approved the following agenda at the meeting.
First resolved, the board approved granting a two year “option to purchase” its Gypsy and Hot Springs Mines, located in Douglas County, Nevada for $5,000,000.00 (US – to be paid within 24 months) and 3,000,000 shares of common stock from a newly reorganized 1998 public company in Nevada with plans to be the first eco–friendly “green” mining company in Nevada. Brandon Nash, CEO, executed the agreement and was instrumental in providing the details for the option while Mr. Wagenti, Chairman negotiated the final terms on behalf of AIVN.
In addition, the board approved engaging an investment banking firm in New York with a comprehensive advisory assignment in which they will: assist the company in assessing its alternatives to raising new capital, and advise management with regard to developing its existing projects in Nevada.
Lastly, the board was pleased to hear a report from Tucker White, AIVN’s President, who is operating the Golden Eagle Placers in Winnemucca, Nevada, and has initiated plans to setup the company’s portable plant and its components within a couple of weeks, after completion of the water circuit in order to operate the wash plant and begin production of the placers at the Golden Eagle Placers.
About American International Ventures, Inc.
American International Ventures, Inc. (AIVN) focus is gold and silver exploration and ore extraction, operating in Nevada through Placer Gold Prospecting, Inc., its wholly owned subsidiary. The Company focuses on gold and base mineral resource properties that have historically produced gold and silver until 1942 when all gold production in the United States was halted due to World War II. AIVN currently owns 11 mines in Nevada.
Cautionary Note Regarding Forward-Looking Statements and Information concerning mineral resources. This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of mining programs, anticipated exploration and metallurgical test program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for any mining or production at Golden Eagle Mineral are to be considered forward-looking statements. Except as required by the Federal Securities law, AIVN does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof .
Jack Wagenti IR/Princeton Research
Chairman Michael King
Phone: 813-260-2866 Phone: 702-650-3000
E-mail: firstname.lastname@example.org E-mail: email@example.com
Website: http://www.aivn.co Website: www.princetonresearch.com
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