American Manganese completes Private placement
February 17, 2010 - Vancouver, British Columbia
American Manganese Inc., (TSX.V: AMY; Pink Sheets: AMYZF) (the �Company�) is pleased to announce that further to its earlier announced news releases, the Company has closed its non-brokered private placement raising gross proceeds of $1,193,919 comprised of 5,969,595 units (the �Unit�) at a price of $0.20 per Unit.
Each Unit is comprised of one common share in the capital of the Company plus one-half of a two year share purchase warrant (the �Warrant�). Each whole Warrant entitles the holder to purchase one common share at a price of $0.30 per share at any time up to 5:00 pm (Vancouver time) on February 16, 2012. All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.
The proceeds of this private placement will be used toward exploration and infill reverse circulation drilling at the Company�s Artillery Peak Manganese project in Arizona as well as general working capital.
The Company has paid Finder�s fees totaling $59,076 and issued 120,000 broker warrants, in connection with the private placement.
About American Manganese Inc.
American Manganese Inc. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh President and Chief Executive Officer
Information Contact
Larry W. Reaugh
President & Chief Executive Officer
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
www.americanmanganeseinc.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company�s website at www.americanmanganeseinc.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient�s spam filters frequently block receiving emails containing the full Cautionary Notice.
Email Marketing by
American Manganese is a exploration company based in Canada.
Its main exploration properties are BLACK PRINCE DEPOSIT, OLSON/JUNCTION CREEK DEPOSIT, LONNIE & VIRGIL DEPOSIT and ARTILLERY PEAK DEPOSIT in Canada.
Its stock quote reached its lowest recent point on April 01, 2016 at CA$ 0.01, and its highest recent level on February 19, 2021 at CA$ 2.86.
American Manganese has 140 880 000 shares outstanding.