Mammoth Resources eight-million-share private placement


2017-12-21 18:42 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 9, 2017.

Number of shares:  eight million shares

Purchase price:  nine cents per share

Warrants:  eight million share purchase warrants to purchase eight million shares

Warrant exercise price:  13 cents for an 18-month period

Number of placees:  34 placees

Insider:  Thomas Atkins, 921,778

Finders' fees:  Leede Jones Gable Inc., $6,984 cash and 77,600 warrants payable; Mackie Research Capital Corp., $2,592 cash and 28,800 warrants payable; National Bank Finance Inc., $810 cash and 18,000 warrants payable; Struthers Resource Stock Report, $3,375 cash and 37,500 warrants payable; PI Financial Corp., $90 cash and 2,000 warrants payable; Sprott Private Wealth, $1,080 cash and 12,000 warrants payable; Just3 (Joel Hernandez), $1,024.65 cash and 11,385 warrants payable (Each warrant is exercisable into one common share at 13 cents for 18 months from closing.)

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