Axial Vector Energy Corp. (AXVC.PK) and Petro-AVEC Forms New Joint Venture
Axial Vector Energy Corporation announced over the weekend that it has formed a Joint Venture involving Petro-AVEC (the previously announced Joint Venture between AVEC and Petrosonics, LLC) and Constellation Capital Management, LLC of Novato, California. This Joint Venture will be named Petro-AVEC North America, LLC ("PANA"). PANA intends to establish its North America headquarters in Northern California immediately. According to the press release, Constellation Capital Management, LLC will own 15% of the JV and Petro-AVEC will own 85%. Petro-AVEC also announced that Constellation Capital’s Senior Advisor William Jeffrey Gilliam has been appointed as PANA's Chief Executive Officer. Commenting on his…