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American Manganese Inc. Announces $80,000 Private Placement of Flow-Through Units
Dec. 20, 2018 06:12AM PST
Battery Metals Investing
American Manganese Inc. (TSXV:AMY; OTC US:AMYZF;FSE:2AM) (“AMY” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of up to $80,000 by way of a flow-through unit offering at a price of $0.20 per unit (the “Offering”).
American Manganese Inc. (TSXV:AMY; OTC US:AMYZF;FSE:2AM) (“AMY” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement for gross proceeds of up to $80,000 by way of a flow-through unit offering at a price of $0.20 per unit (the “Offering”). Each unit will consist of one flow-through common share of AMY and one warrant. Each warrant will be exercisable for one common share at a price of $0.30 per common share for a period of two years from the date of closing of the Offering.
The proceeds will be used to fund exploration of the Company’s Canadian mineral properties.
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 paid in accordance with the TSX Venture Exchange policies.
About American Manganese Inc.
American Manganese Inc. is a critical metal company with a patent pending process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum. Using a novel combination of reagents and unit operations, AMY can provide 100% extraction of cathode metals at battery grade purity. American Manganese Inc. aims to capitalize on its patent pending technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s July 25, 2018 Business Plan for further details).
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Telephone: 778.574.4444 Email: lreaugh@amymn.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 contain “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 statements 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 undertake any obligation to update forward-looking statements except as required by law.
Source: www.accesswire.com
