Armco Metals Holdings, Inc. Has Elected to Deliver the Additional Closing Notice to Hanover Holdings

Armco Metals Holdings, Inc. Has Elected to Deliver the Additional Closing 
Notice to Hanover Holdings 
Company Will Raise an Additional $500,000 
SAN MATEO, CA -- (Marketwired) -- 02/26/14 --  Armco Metals Holdings,
Inc. (NYSE MKT: AMCO), a distributor of imported metal ore and a
metal recycler in China, today announced that the company has elected
to deliver the Additional Closing Notice to Magna Group affiliate
Hanover Holdings I, LLC pursuant to which we will issue and sell
Hanover an additional $500,000 principal amount convertible
promissory note under the terms of the Securities Purchase Agreement
entered into with Hanover in November 2013. We expect to close the
second tranche of this financing on March 3, 2014. We will use the
proceeds from this transaction for working capital. 
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities in this offering, nor
will there be any sale of these securities in any jurisdiction in
which such offer solicitation or sale are unlawful prior to
registration or qualification under securities laws of any such
Armco Metals Holdings, Inc. is engaged in the sale and distribution
of metal ore and non-ferrous metals throughout China and is in the
recycling business in China. Armco Metals' customers include some of
the fastest growing steel producing mills and foundries throughout
China. Raw materials are acquired from a global group of suppliers
located in various countries, including, but not limited to, Brazil,
India, Indonesia, Ukraine and the United States. Armco Metals'
product lines include ferrous and non-ferrous ore, iron ore, chrome
ore, nickel ore, magnesium, copper ore, manganese ore, steel billet
and recycled scrap metals. For more information about Armco Metals,
please visit 
In connection with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Armco Metals Holdings,
Inc., is hereby providing cautionary statements identifying important
factors that could cause our actual results to differ materially from
those projected in forward-looking statements (as defined in such
act). Any statements that are not historical facts and that express,
or involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or performance (often, but
not always, indicated through the use of words or phrases such as
"will likely result," "are expected to," "will continue," "is
anticipated," "estimated," "intends," "plans," "believes" and
"projects") are forward-looking and involve estimates and
uncertainties which could cause actual results to differ materially
from those expressed in the forward-looking statements. These
statements include, but are not limited to, our expectations
regarding our revenues and production related to our scrap metal
recycling operations, pricing and demand for our product lines and
the extent of government imposed energy and monetary policy
restrictions and resulting blackouts and associated impact on our
trading and recycling operations. 
We caution that investors should not place undue reliance on any
forward-looking statements herein. Further, any forward-looking
statement speaks only as of the date on which such statement is made,
and we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which
such statement is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances. This press release is
qualified in its entirety by the following, including, but not
limited to, any expectations with respect to the Company's revenues
and operations, institution of governmental regulations relating to
our businesses and the international economic climate, and the
cautionary statements and risk factor disclosure contained in our
Securities and Exchange Commission filings, including our Annual
Report on Form 10-K for the year ended December 31, 2012, and our
subsequent filing with the Securities and Exchange Commission. 
Armco Metals Holdings, Inc.
US Investor Relations Contact
Christina Xiong
Office: 650.212.7620
China Contact:
Ripple Zhang
Office: 86-21-62375286
Press spacebar to pause and continue. Press esc to stop.