American Manganese Inc (AMYZF)

[nyctraydr]

American Manganese Inc. Announces $1,500,000 Private Placement

Vancouver, British Columbia (FSCwire) - 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 intends to complete a non-brokered private placement for gross proceeds of up to $1,500,000 by way of a unit offering at a price of $0.24 per unit (the “Offering”). Each unit will consist of one common share and one purchase warrant. Each warrant will be exercisable for one common share at a price of $0.30 per common share for a period of two years from the date of closing of the Offering.

The proceeds will be primarily used for general working capital and ongoing research.

https://finance.yahoo.com/news/american-manganese-inc-announces-1-203000676.html