American Manganese Inc. (“AMY” or the “Company”) is pleased to announce that it has closed a non-brokered private placement of 521,000 flow-through units at $0.24 per unit for gross proceeds of $125,040. (the “Offering”). Each flow-through unit consists 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 warrant’s issuance date.
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 a hold period of four months which expires on April 17, 2021. This Offering is subject to final acceptance by the TSX Venture Exchange.
About American Manganese Inc.
American Manganese Inc. is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer