Mammoth Resources Announces $150,000 Private Placement for Trenching, Drill Acces and In-Fill PIMA Program at Tenoriba Precious Metal Project, Chihuahua, Mexico

http://www.mammothresources.ca/s/NewsReleases.asp?ReportID=777886&_Type=News-Releases&_Title=MAMMOTH-RESOURCES-ANNOUNCES-150000-PRIVATE-PLACEMENT-FOR-TRENCHING-DRILL-AC…

Toronto, Canada (February 7, 2017) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) would like to announce that it intends to proceed with a non-brokered private placement of up to 1.875 million units of the Company (the “Units”) at an offering price of $0.08 per Unit, for gross proceeds of up to $150,000 (the “Private Placement”). Each Unit consists of one common share of the Company (a “Common Share”) and one common share purchase warrant (the “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share until 18 months following closing of the private placement, at an exercise price of $0.12. The Company has set no minimum number of Units to be distributed and no minimum dollar amount required to be raised in connection with the Private Placement.

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