Mr. Larry Reaugh reports
AMERICAN MANGANESE INC. CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
American Manganese Inc. has closed a first tranche of a non-brokered private placement, raising gross proceeds of $117,040 from the sale of 650,222 units of the company. Each unit will consist of one common share of the company 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.
Finder's fees payable on the first tranche total $10,400 cash plus 17,778 warrants. All securities issued under the private placement, including this first 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 $200,000.
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.