Cleantech

capitaland share price forecast

American Manganese Announces Closing of C$20 Million Private Placement Offering with Institutional Investors

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) today announced that it has closed its previously announced private placement of common shares ("Common Shares") and warrants to purchase Common Shares ("Warrants") to institutional investors for aggregate gross proceeds to the Company of approximately C$20 million (the "Private Placement"). Pursuant to the Private Placement, the Company has issued up to 20,000,000 Common Shares and Warrants to purchase up to 20,000,000 Common Shares at a purchase price of C$1.00 per Common Share and associated Warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$1.25 per Common Share at any time prior to the three-year anniversary of the closing date of the Private Placement (the "Closing Date

A.G.P./Alliance Global Partners (the "Agent") acted as the exclusive placement agent for the private placement.

The Common Shares and Warrants issued under the Private Placement were qualified by way of a prospectus supplement under the Company's short form base shelf prospectus dated September 16, 2021 (collectively, the "Prospectus Supplement") which was filed in the province of British Columbia. In the United States, the Common Shares, Warrants and the shares issuable upon the exercise of the Warrants were offered on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and certain other jurisdictions in accordance with applicable securities laws. No securities were offered for sale or sold to persons or companies resident in Canada.

The Agent received a cash commission equal to 7.0% of the aggregate gross proceeds received from the sale of the Common Shares and Warrants. In addition, the Company issued to the Agent warrants equal to 7.0% of the number of Common Shares sold under the Private Placement ("Placement Agent Warrants"). Each Placement Agent Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$1.00 per share at any time commencing from the six-month anniversary of the Closing Date to the three-year anniversary of the Closing Date.

The net proceeds of the Private Placement are expected to be used by the Company for working capital and general corporate purposes. Details as to the specific allocation of the proceeds were disclosed in the Prospectus Supplement.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in Canada in connection with the Private Placement. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities have not been, nor will they be, registered under the U.S. Securities Act and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

About American Manganese

American Manganese Inc. is a critical metals company focused on the upcycling of lithium-ion battery waste into high-value battery cathode materials, using its closed-loop RecycLiCo™ process. With minimal processing steps and up to 99% extraction of lithium, cobalt, nickel, and manganese, the upcycling process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries.

American Manganese's original patented manganese process is the cornerstone technology in the development of the Company's lithium-ion battery cathode recycling process, RecycLiCo™.

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements contained in this news release include the use of proceeds from the Private Placement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the Common Shares, risks relating to the ability of the Company to obtain the requisite regulatory approvals relating to the Private Placement, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; competition in the industry; the impact of technology changes on the products and industry; the ability to manage working capital; and the dependence on key personnel. The Company may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans and the ability to achieve its goals. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by third parties in respect of the matters discussed above.

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.

Contacts

Larry W. Reaugh,
President and Chief Executive Officer
Telephone: (778) 574-4444
Email: lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.com

SOURCE: American Manganese Inc.



View source version on accesswire.com:
https://www.accesswire.com/666762/American-Manganese-Announces-Closing-of-C20-Million-Private-Placement-Offering-with-Institutional-Investors

News Provided by ACCESSWIRE via QuoteMedia

RecycLiCo Battery Materials

RecycLiCo Battery Materials


Keep reading...Show less
windmills on mountains

Cleantech Market Forecast: Top Trends That Will Affect Cleantech in 2023

Pull quotes were provided by Investing News Network clients Alkaline Fuel Cell Power, Nano One Materials and Greenlane Renewables. This article is not paid-for content.

For the past few years, cleantech has been a stellar space for investors as the world turns to green energy.

The cleantech sector spans several industry verticals, including renewable energy generation, energy storage, energy efficiency, transportation, air and environment, clean industry, water and agriculture.

As the new year begins, the Investing News Network (INN) is looking at major trends and what to expect in cleantech in 2023.

Keep reading...Show less
Logo for Forward Water Technologies (TSXV:FWTC)

Forward Water Technologies Grant of Stock Options

Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that it has granted incentive stock options to the CEO of the Company, Howie Honeyman, to acquire 425,000 common shares in the capital of the Company at an exercise price of $0.1050(the "Options") in accordance with the Company's 10% rolling incentive stock option plan. The Options are exercisable for a five-year term expiring January 19, 2028. The Options granted vest as to one-third immediately, the second third on January 19th 2024 and the final third on January 19th, 2025.

About Forward Water Technologies Corp.

Keep reading...Show less
hand with leaf

Top 3 Canadian Cleantech Stocks of 2022

Click here to read the previous top Canadian cleantech stocks article.

Despite setbacks due to COVID-19, the global transition to a green economy has been a boon for the cleantech market, and investment in renewable energy and clean technology continues to grow.

Analysts see a few key trends dominating the cleantech sector worldwide, such as offshore wind energy, agricultural technology, electric vehicles (EVs), EV infrastructure and clean energy commercial long-haul transportation solutions.

With 2022 nearly over, here’s a look at the top Canadian cleantech stocks on the TSX and TSXV year-to-date. CSE-listed stocks were considered, but none made the cut. All companies listed had market caps of at least C$10 million as of December 8, 2022. Numbers and figures were current at that time, with data gathered using TradingView’s stock screener.

Keep reading...Show less
Wind Turbines And Solar Panels At Sunset

What Are the Advantages of Wind Energy and Solar Energy? (Updated 2022)

Wind power and solar power are considered the two primary choices for clean energy.

As clean technologies, both wind power and solar energy significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch to clean energy solutions — but there's more to wind and solar energy than that.

Here the Investing News Network provides a brief introduction to wind and solar energy, from the advantages of renewable energy to the future outlook for these clean energy technologies.

Keep reading...Show less
hand holding earth against green background

Carbon Credit: A Booming Market for ETF Investors?

This syndicated article was originally published by the Canadian ETF Market. The Investing News Network (INN) believes it may be of interest to readers; however, INN does not guarantee the accuracy or thoroughness of the information reported by external contributors. The opinions expressed by external contributors do not reflect the opinions of INN and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Keep reading...Show less

Latest Press Releases

Related News

×