Emirates International Capital, a Dubai investment firm, also has an option to buy 15% more of Axial Vector in the next 12 months. A statement from the company didn't specify the total stake held ...

DUBAI, United Arab Emirates (BUSINESS WIRE) - April 20,2009 - Axial Vector Energy Corporation ("AVEC") (Pink Sheets: AXVC) (Frankfurt: BAE1) announced today that its PETRO-AVEC LLC JV appointed ...