04:20:04 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



American Manganese Inc
Symbol AMY
Shares Issued 125,284,213
Close 2016-09-01 C$ 0.16
Market Cap C$ 20,045,474
Recent Sedar Documents

American Manganese closes $1.4-million financing

2016-09-02 15:16 ET - News Release

Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT

American Manganese Inc. has closed its non-brokered private-placement offering of 10,068,790 units at a purchase price of 14 cents per unit for aggregate gross proceeds of $1,409,631. Each unit comprises one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder to purchase one share at a price of 20 cents during the two years following the warrant's date of issuance.

The offering was oversubscribed by $409,631 over the $1-million target initially contemplated for the private placement. The company intends to use the net proceeds from the offering for continued metallurgical testing of the company's proprietary hydrometallurgical process for large-scale recycling of lithium-ion vehicle batteries, debt settlement and working capital.

All securities issued pursuant to the offering will be subject to a four-month hold and other applicable resale restrictions. This offering is subject to final acceptance by the TSX Venture Exchange.

About American Manganese

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.

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