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AMERICAN MANGANESE INC. CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

 

 

 

 

 

Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (TSX-V:AMY)  is pleased to announce that the company is closing a second tranche of the non-brokered private placement for up to 10,000,000 units of the Company at $0.15 per Unit.  Each Unit consists of one common share of the Company and one common share purchase warrant.  Each Warrant will be exercisable for one Share at a price of $0.20 per Share for the two years following the issuance of the Warrant.

   

 

The Company has raised gross proceeds of $131,750.10 in this second tranche of the private placement, and all securities issued under this second tranche are subject to a four-month hold period which expires on May 12, 2019. The private placement is subject to final acceptance by the TSX Venture Exchange; conditional acceptance was granted on December 3, 2018.

 

 

About American Manganese Inc.

 

 

American Manganese Inc. is a critical metal company with a patent approved 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 approved technology and proprietary know-how to become the industry leader in recycling spent electric vehicle lithium-ion batteries (Please see the Company’s December 14, 2018 Business Plan for further details).

 

Posted January 11, 2019

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