American Manganese Closes Private Placement
February 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 releases dated January 19, 2011 and January 25, 2011.
The total amount raised pursuant to the private placement was $4,193,088.30 which was comprised of 13,976,961 units (�Units�) at a price of $0.30 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 $0.40 per share at any time up to 5:00 pm (Vancouver time) on February 9, 2013. 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 towards pre-feasibility, pilot plant, drilling, baseline environmental work and general working capital. The Company has paid finder�s fees totaling $300,917.07 and issued 120,224 broker warrants, in connection with the private placement.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming the lowest cost producer of electrolytic manganese from its Arizona Manganese Project.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Information Contact
Larry W. Reaugh
President and Chief Executive Officer
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company�s website at www.americanmanganeseinc.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient�s spam filters frequently block receiving emails containing the full Cautionary Notice.
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The Reaugh Group | 2a 15782 Marine Drive | White Rock, BC V4B 1E6, Canada |
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American Manganese Inc.
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EXPLORATEUR |
CODE : AMY.V |
ISIN : CA02735A1057 |
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American Manganese est une société d’exploration minière basée au Canada. Ses principaux projets en exploration sont BLACK PRINCE DEPOSIT, OLSON/JUNCTION CREEK DEPOSIT, LONNIE & VIRGIL DEPOSIT et ARTILLERY PEAK DEPOSIT au Canada. American Manganese est cotée au Canada. Sa capitalisation boursière aujourd'hui est 21,1 millions CA$ (15,5 millions US$, 14,4 millions €). La valeur de son action a atteint son plus bas niveau récent le 01 avril 2016 à 0,01 CA$, et son plus haut niveau récent le 19 février 2021 à 2,86 CA$. American Manganese possède 140 880 000 actions en circulation. |