Critical metals group American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) is poised for a private placing to raise up to $80,000 gross to finance exploration of its Canadian mineral properties.
The financing will be for flow-through units offered at $0.20 a throw.
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Each unit will consist of one flow-through share of American Manganese and one warrant.
Each warrant can be exercised for one share for $0.30 for two years from the date of closing of the offering.
American Manganese's properties in British Columbia includes the Rocher Deboule property, which has four historical operations and several additional exploration targets.
A vital component of the property is its IOCG target (Iron-Oxide-Copper-Gold), a mineralization type made famous by the Olympic Dam deposit in Australia, which has resources of an eye-watering nearly 4 billion tonnes.
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