Mr. Larry Reaugh reports
AMERICAN MANGANESE INC. CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
American Manganese Inc. has closed its second tranche of the non-brokered private placement for $522,545 comprising 2,903,026 units of the company. Each unit will consist of one common share of American Manganese and one common share purchase warrant. Each warrant will be exercisable for one share at a price of 25 cents per share for the two years following the issuance of the warrant.
Finders' fees payable on the second tranche total $50,832 cash. All securities issued under the private placement, including this second tranche, are subject to a four-month hold period.
As previously announced, the company is conducting the private placement to raise gross proceeds of up to $1-million.
About American Manganese Inc.
American Manganese is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low-cost production or recovery of electrolytic manganese products throughout the world and recycling of spent electric vehicle lithium-ion rechargeable batteries.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.