American Video Teleconferencing Corp. (AVOT.PK)

Rare earth elements are relatively plentiful in the Earth’s crust. However, because of their geochemical properties rare earth elements are typically dispersed and not often found in concentrated and economically exploitable forms known as rare earth minerals. It was the very scarcity of these minerals (previously called “earths”) that led to the term “rare earth”.

The company reported that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company’s exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.

American Video Teleconferencing Corp. is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property ( Read More http://crweselect.com/22013/stock-alerts/avotpk-ccrn-sfiopk-psid-spir-cr... )