Proactive Investors - Run By Investors For Investors

American Manganese closes third round of financing

The company said it is closing the third tranche of its non-brokered private placement for up to 10,000,000 units, priced at C$0.15 per unit
lithium ion batteries
American Manganese is a critical metal company with a patent-approved process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum

Critical metals group American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) announced Friday it is closing a third tranche of its non-brokered private placement of up to 10,000 units of the company, priced at C$0.15 per unit.

Each unit will consist of one common share of American Manganese and one warrant.

Each warrant can be exercised for one share for $0.20 for two years from the date of closing of the offering.

READ: American Manganese to take part in U.S. Department of Energy project focused on EV battery recycling

The company said it has raised gross proceeds of C$350,210 in this third tranche of the private placement, and all securities issued under this second tranche are subject to a four-month hold period which expires on May 12, 2019.

American Manganese is a critical metal company with a patent-approved process for the recovery of metals from lithium-ion batteries such as cobalt, lithium, nickel, manganese, and aluminum.

The company said the private placement is subject to final acceptance by the TSX Venture Exchange and conditional acceptance was granted on December 3, 2018.

Shares of American Manganese were at C$0.14 on Friday.

Contact Katie Lewis at [email protected]
Follow her on Twitter: @kelewis

View full AMY profile View Profile

American Manganese Inc. Timeline

Related Articles

immotion vr racing game
February 06 2019
The out-of-home VR hardware and content maker turned over more than £1mln in the second half of 2018 with ‘only’ 150 or so headsets in operation, but it wants that figure to climb to over 1,000 by the end of this year
plasma torch
May 03 2019
PyroGenesis harnesses the unique properties of thermal plasma to melt and transform metal, carry out high temperature chemical reactions and convert waste into energy
Mergers and acquisitions graphic
January 16 2019
Swift’s investors will vote on its planned acquisition of ad specialist Medical Media.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use