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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

Quick facts: American Manganese Inc.

Price: 0.25 CAD

TSX-V:AMY
Market: TSX-V
Market Cap: $43.86 m
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