Total Raise of $939,875 from Both Tranches to Date
VANCOUVER, BC / ACCESSWIRE / June 30, 2017 / Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc.
("American Manganese," "AMI," or the "Company"), (TSX-V: AMY; OTC PINK: AMYZF; Frankfurt: 2AM), is pleased to announce that the
Company has closed its second tranche of the non-brokered private placement for $522,545 comprised of 2,903,026 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 $0.25 per Share for the two years following the issuance
of the Warrant.
Finder's fees payable on the second tranche total $50,832 cash. All securities issued under the private placement, including
this second 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 $1,000,000.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal company focused on capitalizing on its patented
intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and
recycling of spent electric vehicle lithium ion rechargeable batteries.
Interest in the Company's patented process has adjusted the focus of American Manganese Inc. toward the examination of applying
its patented technology for other purposes and materials. American Manganese Inc. aims to capitalize on its patented technology and
proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium ion batteries having cathode
chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese (Please see the Company's January 19,
2017 press release for further details).
The company has updated their PowerPoint which can be viewed here.
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 Telephone: 778 574 4444; Email: lreaugh@amymn.com
www.americanmanganeseinc.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain
"forward-looking statements," which are statements about the future based on current expectations or beliefs. For this purpose,
statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve
risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not
place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking
statements except as required by law.
SOURCE: American Manganese Inc.