American Manganese Inc. (TSXV:AMY,FWB:2AM) announced a non-brokered private placement of up to $500,000 that consists of up to 10,000,000 units, with each unit being at a price of $0.05.

As quoted in the press release:

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.

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