Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

AMERICAN MANGANESE INC. CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT

 

 

 

 

 

       

 

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (TSX-V:AMY) (Pink Sheets:AMYZF) (Frankfurt: 2AM), is pleased to announce that the Company has closed the second and final tranche of the non-brokered private placement for $131,120 comprised of 728,444 units of the Company.  Each Unit will consist of one common share of AMI and one common share purchase warrant.  Each Warrant will be exercisable for one Share at a price of $0.25 per Share for the two years following the issuance of the Warrant. All securities issued under the private placement, including this final tranche, are subject to a four-month hold period. Finder’s fees of $1,584 and 8,800 Warrants were issued to Haywood Securities Inc.

 

 

 

The Company has raise gross proceeds of $248,160 through this private placement.

 

 

 

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 lithium ion batteries having cathode chemistries such as:  Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese (Please see the Company’s July 27, 2017 press release for further details).

 

 

The company has been featured in a Bloomberg article How to Mine Cobalt Without Going to Congo written by Anna Hirtenstein which can be viewed here.   

Posted December 5, 2017

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


The Week of August 13th to August 19th, 2018 “A Brief Look Back Into Tomorrow”

The new North American trading week began on Monday, August 13th ... READ MORE

August 20, 2018

Lobo Tiggre - "The Thud Factor"

The “thud factor” is a rhetorical device used to obscure weak... READ MORE

August 20, 2018

Global lithium production to triple over the next four years, says GlobalData

High growth in demand for lithium batteries is spurring three-fol... READ MORE

August 20, 2018

Nemaska Lithium Finalizes a 5-Year Supply Agreement With Northvolt

Nemaska Lithium Inc. (TSX:NMX) (OTC:NMKEF) and Northvolt AB are p... READ MORE

August 20, 2018

Sabina Gold & Silver Drills New High-Grade Discovery at Back River Gold Project and Increases Summer Drill Program to 12,000m

Sabina Gold & Silver Corp (SBB.T) is pleased to announce firs... READ MORE

August 20, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions