Axial Vector Energy Corp. (AXVC.PK) Appoints New Chairman of the Board of Directors
Axial Vector Energy Corporation announced this morning that Mr. Samuel Higgins has been appointed to the position of Chairman of the Board of Directors, filling a vacancy resultant from the departure of Mr. Ahmed Khalifa. As previously stated in AVEC's SEC Form 8K on June 23, 2009, Mr. Khalifa resigned when Global Operations purchased all of the shares held by Mr. Khalifa’s firm, Emirates International Capital Advisory. However, the press release noted that Mr. Khalifa remains a private shareholder of AVEC. Regarding the appointment, AVEC President and CEO Sanjai Chhaunker commented, "We are extraordinarily pleased to have persuaded Mr. Higgins…