AMY CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
AMERICAN MANGANESE INC. CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
February 13, 2018 - Vancouver, BC
Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. (“American Manganese” or “AMI” or the “Company”), (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM), is pleased to announce that the company has received conditional acceptance to close a first tranche of the non-brokered private placement for $907,680 comprised of 3,782,000 units of the Company (“Units”). Each Unit will consist of one common share of AMI (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will be exercisable for one Share at a price of $0.30 per Share for the two years following the issuance of the Warrant. All securities issued under the private placement, including this first tranche, are subject to a four-month hold period.
As previously announced, the Company is conducting the private placement to raise gross proceeds of up to $1,500,000.