Black Mammoth Metals Completes Shares For Debt
No.17-08 BMM: TSX-V NEWS RELEASE
Black Mammoth Metals Completes Shares For Debt
Vancouver, B.C., October 13th, 2017 – Black Mammoth Metals Corporation (TSX-V: BMM / Frankfurt: LQK /
OTCBB: LQRCF) (“Black Mammoth” or the “Company”) is pleased to announce that it has completed the shares
for debt transaction announced on September 15th, 2017 after receiving the approval of the TSX Venture Exchange
to settle indebtedness to certain creditors.
Pursuant to the shares for debt transaction, the Company will be issuing 372,002 common shares (the “Shares”) in
the capital of the Company, to a total of four creditors, at a deemed price of $0.20 per share to settle outstanding
debt in the amount of $74,400.40 CAD. All Shares issued pursuant to the debt settlement are subject to a four
month hold period expiring on February 14, 2018.
Mark Abrams, a director and senior officer of the Company, received 200,000 common shares issued pursuant to
the debt settlement.
In an effort to focus the Company’s resources on its flagship Blanco Creek gold property in central Idaho, Black
Mammoth will be releasing its interest in its Coppertonic property in British Columbia.
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 Lode Claims 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 Ventur e
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, including
statements regarding the anticipated content, commencement, duration 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 potent ially
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 thos e in forward-looking statements. Important factors
that could cause actual events and results to differ materially from the Company’s expectations include those related to
weather, equipment and staff availability; performance of third parties; timing of r eceipt of assay results from third party
analytical facilities; risks related to the exploration stage of the Company’s projects; market fluctuations in prices for se curities
of exploration stage companies and in commodity prices; and uncertainties about t he availability of additional financing; risks
related to the Company’s ability to identify one or more economic deposits on the properties, and variations in the nature,
quality and quantity of any mineral deposits that may be located on the properties; r isks related to the Company’s ability to
obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the
Company’s ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company
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 mineral
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.