American Manganese Inc., (formerly: Rocher Deboule Minerals Corp.) (TSX.V: AMY; OTC US: AMYZF) (the “Company”) is pleased to announce that the non-brokered private placement originally announced on January 25, 2010 has been over-subscribed. The private placement now consists of a total of 5,969,595 units at a price of $0.20 per unit (“Units”) for aggregate proceeds of $1,193,919.
Each Unit is comprised of one common share of the Company plus one-half of a share purchase warrant (the “Warrant”). Each whole Warrant entitles the holder to purchase one common share at a price of $0.30 for two years from the date of issue. All of the securities issued pursuant to this Offering will have a hold period expiring four months after the closing date.
This private placement remains subject to the acceptance of the TSX Venture Exchange (the “TSX”) and finders’ fees may be payable in accordance with the policies of the TSX.
The proceeds of the private placement will be used for exploration and infill reverse circulation
drilling at the Artillery Peak Manganese project as well as general working capital.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer