Mammoth Resources upsizes private placement to $980K

5 hours ago 1

Mammoth Resources (TSXV:MTH:CA) increased its private placement from 30M to 39M units, raising gross proceeds of up to $980,000 (up from $750,000).
Each $0.025 unit includes one common share and one-half warrant, with each full warrant exercisable at $0.05 for 18 months post-closing.
Proceeds will be allocated 60% to advancing the Tenoriba precious metal project in Mexico and evaluating acquisitions, and 40% to working capital.
Securities will be subject to a four-month hold period.
Source: Press release

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