Black Mammoth Metals Announces Shares For Debt
No.17-07 BMM: TSX-V NEWS RELEASE
Black Mammoth Metals Announces Shares For Debt
Vancouver, B.C., September 15th, 2017 – Black Mammoth Metals Corporation (TSX-V: BMM / Frankfurt: LQK /
OTCBB: LQRCF) (“Black Mammoth” or the “Company”) is please d to announce that it has arranged to settle
outstanding debt owed to certain arm’s length and non -arm’s length creditors by issuing an aggregate of 372,002
common shares at a deemed price of $0.20 per share. The amount of indebtedness to be settled by this
transaction totals $74,400.40 CAD.
The common shares issued in connection with this debt settlement will be subject to a hold period of four months
from the date of issuance. The transaction is subject to approval of the TSX Venture Exchange.
About Black Mammoth Metals Corporation:
Black Mammoth has assumed a long-term lease with option to purchase for a 100% interest, subject to underlying
royalties, in the Blanco Creek gold property in central Idaho . The Property has road access and consists of 40
Unpatented Federal L ode C laims hosting three historic underground mines along 3550 meters (11,644 feet) of
strike on the north-east trending regional Blanco Shear Zone. Exploration by two previous operators identified a
geological target for the Blanco Creek property in the order of 1.7 to 2.48 million tons, grading 0.20 to 0.33 oz/ton
Au (1.54 to 2.24 million tonnes, grading 6.85 to 11.31 g/tonne Au) ; see the Company’ s press release dated
February 14th, 2017.
Black Mammoth cautions investors to note the potential quantity and grade of the geological target are
conceptual in nature. A qualified person has not done sufficient work to classify the geological target as mineral
resources as defined by NI 43-101, and it is uncertain if future exploration will result in the target being delineated
as mineral resources.
On behalf of the board,
“Dustin Henderson”
Dustin Henderson, BBA
President, CEO and Corporate Secretary
Black Mammoth Metals Corporation
1(604) 347-9101 - Email: [email protected]
Website: www.blackmammothmetals.com
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.” This press release contains forward-looking
statements and forward-looking information (collectively, “forward looking statements”) within the meaning of applicable
Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, includ ing
statements regarding the anticipated content, commencement, durat ion and cost of exploration programs, anticipated
exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of
assay results, the visual continuity of certain mineralized intervals and business and financing plans and trends, the potentially
open nature of the mineralized zones on the property and the potential for future discoveries of additional mineralization on
the property are forward-looking statements. Forward-looking statements are typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future
events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements
will prove to be accurate, and actual results and future events could differ materially from those anticipated in such
statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of
future performance, and that actual results may differ materially from those in forward -looking statements. Important factors
that could cause actual events and results to differ materially from the Company’s expectations include those rel ated to
weather, equipment and staff availability; performance of third parties; timing of receipt of assay results from third party
analytical facilities; risks related to the exploration stage of the Company’s projects; market fluctuations in prices for securities
of exploration stage companies and in commodity prices; and uncertainties about the availability of additional financing; ris ks
related to the Company’s ability to identify one or more economic deposits on the properties, and variations in the n ature,
quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company’s ability to
obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related t o the
Company’s ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Compan y
should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedar.com and
readers are urged to review these materials, including the latest technical reports filed with respect to the Company’s miner al
properties.
All geological information provided on the Blanco Creek Property has been gathered during the Company's due diligence
process and has not been independently verified by management.