American
Manganese Closes Private Placement
August
11, 2010 - Vancouver, British Columbia
American
Manganese Inc.
(�American Manganese� or the �Company�), (TSX.V: AMY; Pink Sheets:
AMYZF), announces that the Company has closed its private placement announced
in its news release dated August 10, 2010.
The total
amount raised pursuant to the private placement was $412,231.32 which was
comprised of 2,290,174 units (�Units�) at a price of $0.18 per Unit.
Each Unit
is comprised of one common share in the capital of the Company, plus a two year
share purchase warrant (the �Warrant�). Each warrant entitles the holder
to purchase one common share at a price of $0.25 per share at any time up to
5:00 pm (Vancouver time) on August 11, 2012. All of the securities
issued pursuant to the private placement have a hold period expiring four
months and one day after the closing dated.
The proceeds of this private placement will be used for
general working capital. The Company has paid finder�s fees totaling
$15,923.16 in connection with the private placement.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and
critical metal Company focusing on potentially becoming the lowest cost
producer of electrolytic manganese from its Arizona Manganese Project.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Information Contact
Larry W. Reaugh
President and 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
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