21:50:53 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



American Manganese Inc
Symbol AMY
Shares Issued 140,879,669
Close 2017-05-30 C$ 0.18
Market Cap C$ 25,358,340
Recent Sedar Documents

American Manganese arranges $1M private placement

2017-05-30 09:46 ET - News Release

Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. ANNOUNCES $1,000,000 PRIVATE PLACEMENT

American Manganese Inc. intends to complete a non-brokered private placement for gross proceeds of up to $1-million by way of a unit offering at a price of 18 cents per unit. Each unit will consist of one common share of American Manganese and one common share purchase warrant. Each warrant will be exercisable for one common share at a price of 25 cents per common share for a period of two years from the date of closing of the offering.

The proceeds will be primarily used to complete the patent processes and general working capital.

All securities issued pursuant to the offering will be subject to resale restrictions for a period of four months from the closing date. This offering is subject to the approval of the regulatory authorities, and finders' fees may be paid in accordance with TSX Venture Exchange policies.

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. Interest in the company's patented process has adjusted the focus of American Manganese toward the examination of applying its patented technology for other purposes and materials. American Manganese aims to capitalize on its patented technology and proprietary know-how to become an industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as lithium-cobalt, lithium-cobalt-nickel-manganese and lithium-manganese and lithium-cobalt-aluminum (please see the company's Jan. 19, 2017, press release for further details).

We seek Safe Harbor.

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