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File: news release 2016.08.10.docx
American Manganese Inc. Announces $1,000,000 Private Placement
August 10, 2016 - Vancouver, BC TSX.V: AMY | Pink Sheets: AMYZF| Frankfurt: 2AM
American Manganese Inc. ("AMI" or the "Company") is pleased to announce that it intends to complete a non-brokered pri
--->vate placement for gross proceeds of up to $1,000,000 by way of a unit offering at a price of $0.14 per unit (the "Off
--->ering"). Each unit will consist of one common share of AMI and one common share purchase warrant. Each warrant will
--->be exercisable for one common share at a price of $0.20 per common share for a period of 2 years from the date of clos
--->ing of the Offering.
The proceeds will be primarily used to continue metallurgical testing of the Company's proprietary hydrometallurgical
--->process for large-scale recycling of lithium-ion vehicle batteries, debt settlement and 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 pai
--->d in accordance with the TSX Venture Exchange policies.
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 proces
--->s has adjusted the focus of American Manganese Inc. toward the examination of applying its patented technology for oth
--->er 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 lithium-ion batteries.
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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