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Black Mammoth Metals Closes $100,000 Private Placement
Black Mammoth Metals Closes $100,000 Private Placement Canada NewsWire ...
About this update from Black Mammoth Metals Corporation
[{"type":"text","content":"\n \n \n \n Black Mammoth Metals Closes $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. 18, 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 the closing of the non-brokered private placement, previously disclosed in press release dated\n \n August 8, 2023\n \n , for proceeds of\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 four (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 totalling\n \n $200\n \n cash was paid to Haywood Securities Inc.\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.\n \n \n Ms. Henderson, an insider of the Company participated in 480,000 Units\n \n ($48,000)\n \n . As such, this participation constitutes a \"related party transaction\" as defined under TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a), 5.5(b) and 5.7(1)(a) as neither the fair market value of the Units acquired by the insiders nor the consideration for the Units paid by such...