New Issue: American Manganese lifts private placement of units to C$1.19 million

By Devika Patel

Knoxville, Tenn., Feb. 12 - American Manganese Inc. said its non-brokered private placement of units has been oversubscribed and will now raise C$1.19 million. The deal priced for C$1 million on Jan. 25.

The company will now sell 5,969,595 units at C$0.20 apiece. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.30 for two years.

The Vancouver, B.C.-based exploration and development company focuses its attention on mineral properties and commodities used in the steel manufacturing industry.

Issuer:	American Manganese Inc.
Issue:	Units of one common share and one half-share warrant
Amount:	C$1,193,919
Units:	5,969,595
Price:	C$0.20
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.30
Agent:	Non-brokered
Pricing date:	Jan. 25
Upsized:	Feb. 12
Stock symbol:	TSX Venture: AMY
Stock price:	C$0.215 at close Jan. 22
Market capitalization:	C$10.2 million

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