American Manganese arranges $200,000 placement

Oct 19, 2017

2017-10-19 07:28 ET – News Release

Mr. Larry Reaugh reports


American Manganese Inc. intends to complete a non-brokered private placement for gross proceeds of up to $200,000 by way of a unit offering at a price of 18 cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable for one common share at a price of 25 cents per common share for a period of two years from the date of closing of the offering.

The proceeds will be primarily used for general working capital and continuing research.

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.

Patent update

The company has been advised by Kemetco that the company’s patent application is on track to be filed before Nov. 10, 2017.

About American Manganese Inc.

American Manganese 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.

We seek Safe Harbor.

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