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SVX Sino Vanadium

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Share Name Share Symbol Market Type
Sino Vanadium TSXV:SVX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sino Vanadium Inc.: News Release

06/04/2011 2:00pm

Marketwired Canada


Sino Vanadium Inc. ("Sino" or "the Corporation") (TSX VENTURE:SVX) announced
today that, subject to regulatory approval, it has granted a total of 260,000
options to purchase common shares of Sino in accordance with the Corporation's
stock option plan. These options expire five years from the date of grant, have
an exercise price of $0.36 per share, with 25% vesting immediately and 25%
vesting every 6 months thereafter (such that the options are fully vested
eighteen months from the date of grant). Out of these options, 200,000 options
were granted to an officer of the Corporation and 60,000 options were granted to
a consultant of the Corporation. Sino has determined that exemptions from the
various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral
Instrument 61-101 are available for the issuance of the options to the directors
and officers of the Corporation (Formal Valuation - Issuer Not Listed on
Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of
Market Capitalization).


About Sino Vanadium

The Company owns 100% of the Daquan property in Shaanxi province, China. The
property contains a world-class vanadium deposit in an indicated resource of
330mm lbs. (15.9M t) at an average grade of 0.95% and an inferred resource of
370mm lbs. (18.7M t) at an average grade of 0.92% of vanadium pentoxide (V2O5)
with a 10% NPV of $878,318,000, as per its NI 43-101-compliant report, available
on SEDAR (www.sedar.com). Mineral resources that are not mineral reserves have
no demonstrated economic viability. China is the world's largest single consumer
of vanadium, which it uses primarily for high-strength steel and titanium
alloys. Sino Vanadium also sees strong future potential in the growth of the
high-energy, high-power, extra-long-life battery industry. The Company's
objective is to create shareholder value through the consolidation of vanadium
development and production. For further information, please visit
www.sinovanadium.com.


1 Year Sino Vanadium Chart

1 Year Sino Vanadium Chart

1 Month Sino Vanadium Chart

1 Month Sino Vanadium Chart