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Mammoth Resources Corp V.MTH

Alternate Symbol(s):  MMMRF

Mammoth Resources Corp. is a Canada-based precious metal mineral exploration company. The Company is focused on acquiring and defining precious metal resources in Mexico and other jurisdictions in the Americas. The Company holds a 100% interest in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Company is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization. The Tenoriba property is comprised of four concessions, such as Mapy, Mapy 2, Mapy 3 and Fernanda.


TSXV:MTH - Post by User

Bullboard Posts
Post by toottooton Nov 09, 2017 11:17am
46 Views
Post# 26933108

Going Be Drilling Right Quick

Going Be Drilling Right QuickMammoth announced a non brokered private placement (the “Private Placement”) of up to 8,000,000 units (the “Units”) at an offering price based on the 15 day volume weighted average price of Mammoth shares of $0.09 per share, for gross proceeds of up to $720,000. Each Unit consists of one common share (a "Common Share") and one common share purchase warrant (the “Warrant") of the Company. Each Warrant will entitle the holder thereof to acquire one Common Share up to 18 months following closing of the Private Placement, at an exercise price of $0.13.Proceeds from this financing are to be used to diamond drill up to 3,000 metres testing up to 24 targets along a 5 kilometre trend of gold-silver mineralization at the Company’s Tenoriba, High Sulphidation project in the Sierra Madre region of southwestern Chihuahua State, Mexico
Bullboard Posts