American Manganese Closes Private Placement
April 22, 2013 - 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 January 16, 2013.
The total amount raised pursuant to the private placement was $150,000 over two tranches. The first tranche consisted of 2,500,000 units for $125,000 and the 2nd tranche consisted of 500,000 units for $25,000 at a price of $0.05 per unit (“Units”).
Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a two year share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one Share at a price of $0.10 two years from the date of issuance, subject to accelerated exercise if the Shares trade at $0.15 per Share for 20 consecutive days.
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 general working capital. The Company has paid finder’s fees totaling $14,250 in connection with the private placement.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming a producer of high purity EMD and CMD for the battery industry.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh
President and Chief Executive Officer
Information Contacts:
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639
Connie Fischer
Investor Relations
604-531-9639 ext. 110
Email: connieir@amymn.com or info@amymn.com
www.americanmanganeseinc.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www..americanmanganeseinc.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
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American Manganese Inc.
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EXPLORATEUR |
CODE : AMY.V |
ISIN : CA02735A1057 |
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American Manganese est une société d’exploration minière basée au Canada. Ses principaux projets en exploration sont BLACK PRINCE DEPOSIT, OLSON/JUNCTION CREEK DEPOSIT, LONNIE & VIRGIL DEPOSIT et ARTILLERY PEAK DEPOSIT au Canada. American Manganese est cotée au Canada. Sa capitalisation boursière aujourd'hui est 23,2 millions CA$ (18,6 millions US$, 16,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 01 avril 2016 à 0,01 CA$, et son plus haut niveau récent le 19 février 2021 à 2,86 CA$. American Manganese possède 140 880 000 actions en circulation. |