Toronto, Ontario–(Newsfile Corp. – May 15, 2024)- Canadian Manganese Company Inc. (CBOE CA: CDMN) (“CDMN” or “companyIn addition to the Company's press release dated April 2, 2024, the Company has satisfied all conditions set forth in the Royalty Purchase Agreement and the parties expect the Royalty Purchase to be completed by April 2024. We are pleased to announce that we expect to take effect on the 2nd.In connection with the above, the Company is pleased to announce that it has served notice of redemption to the holders of its senior secured convertible notes in the principal amount of $5,000,000. (See press release dated October 6, 2023). As a result of this notice, the Company has indicated that it intends to redeem all of its Notes on June 15, 2024 in accordance with their terms.
About Canadian manganese
CDMN is a Canadian mineral development company that aims to become a supplier of high-purity manganese metal products to the secondary battery industry. CDMN hosts the Woodstock Project in New Brunswick.
For more information:
investor@Canadianmanganese.com
Matthew Alas: President and CEO +1 647 338 3748
Cboe Canada has neither approved nor disapproved the contents of this press release and assumes no responsibility for its adequacy or accuracy. Additional information about CDMN can be found at www.Canadianmanganese.com.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains forward-looking statements regarding CDMN and its business, which may include the timing of the completion of the royalty sale, the repayment of our outstanding debt and our business plans. but not limited to. Forward-looking statements often, but not always, are “anticipates”, “variants of such words or phrases (including negative variations),” “believes,” “suggests,” or “believes” that a particular action, event, or result will “may be taken,” “may,” “will be taken,” “might,” or “will be taken” to state, occur, or be accomplished. Such statements are based on the current expectations of each entity's management. By its nature, this information is subject to inherent risks and uncertainties, both general and specific, including the possibility that expectations, projections, forecasts, projections, or conclusions may not prove to be accurate, and that assumptions may prove incorrect. There is a possibility that there is no possibility. , and objectives, strategic goals, and priorities will not be achieved. These risks and uncertainties include, but are not limited to, risks related to the mining industry, economic factors, the stock market generally, and risks related to growth and competition. It also includes risks and uncertainties identified and reported in the Company's public filings under its SEDAR+ profile at www.sedarplus.ca. Although CDMN has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, CDMN or there may be other factors that cause the results not to be as anticipated, estimated or intended. . Forward-looking statements cannot be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made, and CDMN does not anticipate whether new information, future events or otherwise may arise.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209244.
