American Manganese Announces CDN$20 Million Private Placement Offering with Institutional Investors - Yahoo Finance

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SURREY, BC / ACCESSWIRE / September 30, 2021 / American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM)("AMY" or the "Company") is pleased to announce that it has entered into a securities purchase agreement for a private placement of its common shares ("Common Shares") and warrants to purchase Common Shares ("Warrants") to institutional investors only for aggregate gross proceeds to the Company of approximately Cdn$20 million (the "Private Placement"). Pursuant to the Private Placement, the Company will issue up to 20,000,000 Common Shares and Warrants to purchase up to 20,000,000 Common Shares at a purchase price of Cdn$1.00 per Common Share and associated Warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of Cdn$1.25 per Common Share at any time prior to the three-year anniversary of the closing date of the Private Placement (the "Closing Date").

A.G.P./Alliance Global Partners (the "Agent") is acting as the exclusive placement agent for the private placement.

The Common Shares and Warrants to be issued under the Private Placement will be qualified by way of a prospectus supplement under the Company's short form base shelf prospectus dated September 16, 2021 (collectively, the "Prospectus Supplement") which will be filed in the province of British Columbia. In the United States, the Common Shares, Warrants and the shares...

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