|
TORONTO, ONTARIO--(Marketwire - Nov. 4, 2011) - Sino Vanadium Inc. ("Sino" or "the Company") (TSX VENTURE:SVX) announces today a management sponsored take private transaction (the "Take Private Transaction"), pursuant to the terms and conditions of a support agreement (the "Support Agreement") dated November 3, 2011 among the Company and Fit Plus Holdings Ltd. ("Fit Plus"), a company controlled by Liu Bingqiang, the President, Chief Executive Officer and a director of the Company, and Ma Zhaoyang, a director of the Company, who together with eight other Shareholders (the "Majority Shareholders"), control, directly or indirectly, in aggregate approximately 73.9% of the total issued and outstanding common shares of the Company. |
