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Enter Symbol
or Name
USA
CA



American Manganese Inc
Symbol AMY
Shares Issued 111,492,547
Close 2014-08-28 C$ 0.03
Market Cap C$ 3,344,776
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ORIGINAL: American Manganese closes $37,000 first tranche

2014-08-29 10:38 ET - News Release

Received by email:

File: news release 2014 08 first tranche.docx

American Manganese Closes First Tranche of Non-Brokered Private Placement 

August 29th, 2014 TSX.V: AMY, Pink Sheets: AMYZF, Frankfurt: 2AM
White Rock, British Columbia - American Manganese Inc. (the "Company") has closed the first tranche of its non-brokere
--->d private placement of the Company's units ("Units") which was previously announced in a news release dated July 21, 2
--->014. 
The Company raised $37,000 for the first tranche through the sale of 1,233,333 units of the Company ("Units") at a pri
--->ce of $0.03 per unit. Each Unit is comprised of one common share in the capital of the Company (a "Share") plus a shar
--->e purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Share at a price of $0.05 during th
--->e three years following the date of issuance. 
The Company paid $1280 cash (which is equal to 8% of the gross proceeds for which finder's fees are payable) and 42,66
--->6 Warrants (which is equal to 8% of the number of Units for which finder's fees are payable) as finder's fees for this
---> first tranche.
The Company expects to use approximately $20,000 towards mineral tenure fees on its Artillery Peak Manganese Project, 
--->$50,000 of the proceeds to pay audit-related fees, $20,000 towards office rent, $3500 towards transfer agent fees, $50
--->00 towards legal fees and the rest towards general working capital. No part of the proceeds will be used to pay manage
--->ment fees or to pay Related Parties. While the Company intends to spend the funds as stated, a reallocation of funds f
--->or sound business reasons may be necessary.  
All securities issued pursuant to the private placement will be subject to resale restrictions for a period of four mo
--->nths from the closing date. 
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal company focusing on potentially becoming the low
--->est cost producer of electrolytic manganese products from its Arizona Manganese Project.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh President and Chief Executive Officer
Information Contacts:
Larry W. Reaugh President and Chief Executive Officer 604-531-9639 
Email: lreaugh@amymn.com
www.americanmanganeseinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may conta
--->in "forward-looking statements", which are statements about the future based on current expectations or beliefs. For t
--->his purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements 
--->by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be a
--->ccurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not underta
--->ke any obligation to update forward-looking statements except as required by law.




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