American Manganese Inc. (“AMY” or the “Company”) is pleased to announce that the Company will be extending the exercise period of a total of 5,252,081 share purchase warrants, all of which are exercisable at $0.25 per share (collectively, the “Warrants”). The Warrants were issued pursuant to a private placement which closed over three tranches in 2017. 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:
Tranche 1: For Warrants issued on June 21, 2017, the new expiration date of those Warrants will be June 21, 2021.
Tranche 2: For Warrants issued on June 29, 2017, the new expiration date of those Warrants will be June 29, 2021.
Tranche 3: For Warrants issued on August 16, 2017, the new expiration date of those Warrants will be August 16, 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