American Manganese Inc. (“AMY” or the “Company”) will be extending the exercise period for 10,158,225 share purchase warrants, all of which are exercisable at $0.20 per share (collectively, the “Warrants”). The Warrants were issued pursuant to two private placement which closed over several tranches in 2018 and 2019. The Company proposes to extend the expiry dates for all Warrants by one year, and accordingly, the new expiry dates for the Warrants are as follows:
Private Placement of Units
Tranche 1: For Warrants issued on December 4, 2018, the new expiration date of those Warrants will be December 4, 2021.
Tranche 2: For Warrants issued on January 11, 2019, the new expiration date of those Warrants will be January 11, 2022.
Tranche 3: For Warrants issued on March 29, 2019, the new expiration date of those Warrants will be March 29, 2022.
Tranche 4: For Warrants issued on May 3, 2019, the new expiration date of those Warrants will be May 3, 2022.
Private Placement of Flow-Through Units
For Warrants issued on December 26, 2018, the new expiration date of those Warrants will be December 26, 2021.
All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to 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