Business
Black Mammoth Metals Arranges $100,000 Private Placement
Black Mammoth Metals Arranges $100,000 Private Placement Canada NewsWire ...
About this update from Black Mammoth Metals Corporation
[{"type":"text","content":"\n \n \n \n Black Mammoth Metals Arranges $100,000 Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR VIA U.S. NEWSWIRE/\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 8, 2023\n \n \n /CNW/ -\n \n Black Mammoth Metals Corporation\n \n (TSXV: BMM) (OTC: LQRCF)\n \n (\"Black Mammoth\" or the \"Company\")\n \n is pleased to announce that it intends to raise gross proceeds of up to\n \n $100,000\n \n by way of a private placement (the \"Offering\") of up to 1,000,000 common shares of the Company at a price of\n \n $0.10\n \n per Unit (the \"Units\"). Each Unit consists of one common share of the Company and one common share purchase warrant (the \"Warrant\"), with each Warrant exercisable into one common share of the Company for a period of 4 years from the issue date at an exercise price of\n \n $0.15\n \n . The Units will be subject to a four month hold period from the date of closing.  A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange (\"TSX-V\").\n \n \n The Company intends on using the proceeds of the Offering for its Blanco Creek gold property located in\n \n Idaho\n \n and its Happy Cat gold property in\n \n Nevada\n \n and for general working capital. The Offering is subject to the approval of the TSX-V.\n \n \n \n About Black Mammoth Metals Corporation:\n \n \n \n Black Mammoth has 14,876,871 shares issued and outstanding, 19,771,871 shares fully diluted.\n \n \n The Company has completed a ground gravity survey that is now modeled and interpreted in conjunction with the recent UAV magnetic survey at its 100% owned, 1213 hectare (2997 acre)\n \n Happy Cat gold property\n \n , in southern Ravenswood Mining District,\n \n Lander County, Nevada\n \n .\n \n \n An approximate 4 square kilometre area is identified as a potential alteration zone where hydrothermal fluids may be present (the \"Alteration\"). The structural modelling s...