American Manganese Inc. Announces $1,500,000 Private Placement
SURREY, November 7, 2018 / Larry W. Reaugh, President and Chief Executive Officer of American Manganese Inc. ("American Manganese" or "AMY" or the "Company"), (TSX.V: AMY| OTC US: AMYZF | FSE: 2AM), is pleasedto announce that the Company intends to complete a non-brokered privateplacement for gross proceeds of up to $1,500,000 by way of a unit offering at aprice of $0.15 per unit (the "Offering").Each unit will consist of one common share and one purchasewarrant. Each warrant will beexercisable for one common share at a price of $0.20 per common share for aperiod of two years from the date of closing of the Offering. The proceedswill be primarily used for Pilot Plant completion and general working capital.
Allsecurities issued pursuant to the Offering will be subject to resalerestrictions for a period of four months from the closing date. This offering is subject to the approval ofthe regulatory authorities and finder's fees may be paid in accordance with theTSX Venture Exchange policies.
About American Manganese Inc.
American Manganese Inc. is adiversified specialty and critical metal company focused on capitalizing on itspatented intellectual property through low cost production and recovery ofelectrolytic manganese products throughout the world, and recycling of spentelectric vehicle lithium ion rechargeable batteries.
Interestin the Company's patented process has adjusted the focus of American ManganeseInc. toward the examination of applying its patented technology for otherpurposes and materials. AmericanManganese Inc. aims to capitalize on its patented technology and proprietaryknow-
howto become the industry leader in recycling spent electric vehicle lithium ionbatteries and recovering 100% of the cathode metals such as: Lithium-Cobalt,Lithium-Cobalt-Nickel-Manganese, Lithium-Cobalt-Aluminum and Lithium-Manganese(Please seethe Company's July 25, 2018 Business Plan for further details).
Please click the following link to view the video: American Manganese Video
On behalf ofManagement
AMERICANMANGANESE INC.
Larry W.Reaugh,
President and Chief Executive Officer
www.americanmanganeseinc.com
Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy ofthis release. This news release maycontain "forward-looking statements", which are statements about the futurebased on current expectations or beliefs.For this purpose, statements of historical fact may be deemed to beforward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and therecan be no assurance that such statements will prove to be accurate ortrue. Investors should not place unduereliance on forward-looking statements.The Company does not undertake any obligation to update forward-lookingstatements except as required by law.
SOURCE: American Manganese Inc.
