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Enter Symbol
or Name
USA
CA



American Manganese Inc
Symbol AMY
Shares Issued 114,525,880
Close 2016-05-16 C$ 0.02
Market Cap C$ 2,290,518
Recent Sedar Documents

ORIGINAL: American Manganese closes $200,500 private placement

2016-05-17 18:18 ET - News Release

Received by email:

File: news release 2016.05.17.docx

American Manganese Inc. Closes $200,500 Private Placement
May 17, 2016 - Vancouver, BC

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. ("American Manganese" or "AMI" or th
--->e "Company"), (TSX.V:  AMY; Pink Sheets:  AMYZF; Frankfurt:  2AM), is pleased to announce that further to its news rel
--->ease dated April 20, 2016, the Company has closed its oversubscribed private placement raising $200,500.

The Company issued 10,025,000 units.  Each unit consists of one common share at $0.02 per share and one non-transferab
--->le share purchase warrant exercisable at $0.05 per share for a period of 24 month following closing.

Finder's fees amounted to $6500 and 17,500 non-transferable warrants.  All securities issued for this private placemen
--->t are subject to a four-month hold, expiring September 18, 2016.

The proceeds will be primarily used to conduct "proof of concept" testing of the Company's proprietary hydrometallurgi
--->cal process for large-scale recycling of lithium-ion vehicle batteries. The balance of the proceeds will be used to pa
--->y patent application fees, exchange fees, regulatory filing fees, current liabilities as well as general administrativ
--->e expenses. No part of the proceeds will be used to pay Related Parties. While the Company intends to spend the funds 
--->as stated, a reallocation of funds for sound business reasons may be necessary. No part of the proceeds will be used t
--->o pay related parties. 

The closing of the private placement is subject to final acceptance from the TSX Venture Exchange.
About American Manganese Inc.
American Manganese Inc. 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 Inc. toward the examination of
---> applying its patented technology for other purposes and materials.  American Manganese Inc. aims to capitalize on its
---> patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle
---> lion ion batteries (Please see the Company's March 31, 2016 press release for further details).
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 Telephone:  778 574 4444; 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 cont
--->ain "forward-looking statements", which are statements about the future based on current expectations or beliefs.  For
---> this purpose, statements of historical fact may be deemed to be forward-looking statements.  Forward -looking stateme
--->nts by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to 
--->be accurate or true.  Investors should not place undue reliance on forward-looking statements.  The Company does not u
--->ndertake any obligation to update forward-looking statements except as required by law.




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