Mammoth Announces Share for Debt Settlement and Issuance of Options

MammothResources

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s