American International Ventures, Inc. (AIVN: OTC Link/FINRA BB) | AIVN Updates Shareholders

OTC

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 ecofriendly 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 .

 

AIVN Contact:          

Jack Wagenti                                                IR/Princeton Research

Chairman                                                      Michael King

Phone: 813-260-2866                                 Phone: 702-650-3000

E-mail: jackwagenti@aivn.co                    E-mail: mike@princetonresearch.com

Website: http://www.aivn.co                       Website: www.princetonresearch.com

 

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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