19:29:30 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



American Manganese Inc
Symbol AMY
Shares Issued 153,197,916
Close 2018-03-01 C$ 0.27
Market Cap C$ 41,363,437
Recent Sedar Documents

American Manganese closes $2.04-million financing

2018-03-02 15:28 ET - News Release

Mr. Larry Reaugh reports

AMERICAN MANGANESE INC. CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT

American Manganese Inc. has closed the second and final tranche of its non-brokered private placement of 4,754,487 units of the company, raising gross proceeds of $1,141,077. Each unit consists of one common share of AMY and one common share purchase warrant. Each warrant will be exercisable for one share at a price of 30 cents per share for the two years following the issuance of the warrant. All securities issued under this final tranche are subject to a hold period until July 3, 2018. Finder's fees of $37,907 were paid for this tranche.

The two tranches of this oversubscribed private placement raised aggregate gross proceeds of $2,048,757.

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 as well as 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 the industry leader in recycling spent electric vehicle lithium-ion batteries and recovering 100 per cent of the cathode metals such as: lithium-cobalt, lithium-cobalt-nickel-manganese, lithium-cobalt-aluminum and lithium-manganese.

We seek Safe Harbor.

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