American Manganese Inc. Closes First Tranche of Non-Brokered Private Placement
![American Manganese Inc. Closes First Tranche of Non-Brokered Private Placement](https://www.minenportal.de/media/goldseiten-news.jpg)
Insiders (as that term is defined under TSX Venture Exchange policies) have purchased 60,000 Units in the first tranche. Finder's fees payable on the first tranche total $35,817.05 cash. All securities issued under this first tranche are subject to a four-month hold period which will expire on February 3, 2021.
As previously announced, the Company is conducting the private placement to raise gross proceeds of up to $2,000,000.
About American Manganese Inc.
American Manganese Inc. is a critical metals company focused on the recycling of lithium-ion batteries with the RecycLiCo™ Patented Process. The process provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum at high purity, with minimal processing steps. American Manganese Inc. aims to commercialize its breakthrough RecycLiCo™ Patented Process and become an industry leader in recycling cathode materials from spent lithium-ion batteries.
On behalf of Management
Larry W. Reaugh, President and Chief Executive Officer
Telephone: 778 574 4444 Email: lreaugh@amymn.com
www.americanmanganeseinc.com
www.recyclico.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.