Mammoth Announces Share for Debt Settlement and Issuance of Options


TORONTO, Jan. 02, 2018 (GLOBE NEWSWIRE) — Mammoth Resources Corp. (TSX-V:MTH), (the “Company”) announces that it has settled debts totaling $21,000 owed to certain insiders, via the issuance of 192,500 common shares of the Company, at a price of $0.12 per share pursuant to the minimum pricing rules of the TSX Venture Exchange and subject to TSX Venture Exchange final approval. Furthermore, the Company would like to announce its year-end stock option grant of a total of 782,917 stock options to management and directors of the Company at an exercise price of $0.12 per share and subject to the terms of the Company’s Stock Option Plan. Shares for debt and options pricing are based on the Company’s closing share price on December 29, 2017.

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