American Manganese Announces Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/13 -- American Manganese Inc. ("American Manganese" or the "Company"), (TSX VENTURE: AMY)(PINKSHEET: AMYZF)(FRANKFURT: 2AM), announces the Company is raising by way of non-brokered private placement up to $500,000 through the issuance of up to 10,000,000 units ("Units") at a price of $0.05 per Unit.
Each Unit is comprised of one common share in the capital of the Company (a "Share") plus a two year share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Share at a price of $0.10 two years from the date of issuance, subject to accelerated exercise if the Shares trade at $0.15 per Share for 20 consecutive days.
This private placement is subject to the approval of the regulatory authorities and finders' fees may be paid in accordance with the TSX Venture Exchange policies.
About American Manganese Inc.
American Manganese Inc. is a diversified specialty and critical metal Company focusing on potentially becoming a producer of high purity EMD and CMD for the battery industry.
On behalf of Management
AMERICAN MANGANESE INC.
Larry W. Reaugh, President and Chief Executive Officer
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
American Manganese Inc.
Larry W. Reaugh
President and Chief Executive Officer
604-531-9639
American Manganese Inc.
Connie Fischer
Investor Relations
604-531-9639 ext. 110
connieir@amymn.com or info@amymn.com
www.americanmanganeseinc.com
