Mammoth Announces Annual and Special Meeting Results and Closing of Private Placement
Mammoth Announces Annual and Special Meeting Results
and Closing of Private Placement
Toronto, Canada - TheNewswire - February 3, 2021 - Mammoth Resources Corp. (TSXV:MTH),
(OTC:MMMRF), (the “Company”, or “Mammoth”) is pleased to announce results of voting at its
virtual annual and special meeting of shareholders which was held earlier today via Zoom conference
facility (the “Meeting"). All matters submitted to the shareholders for approval as set out in the
Company's Notice of Meeting and Information Circular, dated December 15 2020, were approved by a
majority of votes cast at the Meeting. Matters before this meeting, include the following.
Number of Directors - shareholders approved the setting of the number of Directors at three.
Election of Directors - shareholders elected the following slate of Directors: Thomas Atkins, Richard
Simpson and Paul O’Brien.
Appointment of Auditors - appointment of Davidson & Company LLP, Chartered Accountants as
Auditors of the Corporation for the ensuing year with their remuneration to be fixed by the Board of
Directors.
Reconfirmation of the Stock Option Plan - shareholders approved the Company's rolling 10% stock
option plan.
It should be noted that the Company has previously approved an Advance Notice Policy dealing with
the nomination of Directors at an Annual General Meeting. A copy of the Company’s Advance Notice
Policy was attached to the Information Circular to this Meeting.
Closing Private Placement Financing
Mammoth was recently granted conditional approval by the TSX Venture Exchange (the “Exchange”) to
close its previously oversubscribed $688,500 gross proceeds private placement financing (refer to press
release dated January 21, 2021). The expiry date on the four-month hold period for the securities
issued under this private placement has been set as May 28, 2021. Upon providing this announcement
the Company anticipates receiving final approval from the Exchange for closing this private placement.
Mammoth Resources to Present at GCFF Virtual Conference - Precious Metals Day
The “GCFF Virtual Conference - Precious Metals Day” is a free online webinar which will be held on
February 4th 2021. The Conference is being held following the dramatic increase in the gold price in
2020, and with it the reinvigorated gold and precious metals exploration mining sector. With new capital
flowing into precious metals companies in 2020, the results of their exploration campaigns will present
themselves in 2021. GFCC is offering the opportunity for interested parties to learn about how they
might profit from gold, silver and other precious metals exploration mining companies at the event.
The GCFF Virtual Conference - Precious Metals Day is a free online webinar and will provide viewers
with:
- High level macro-economic analysis on the precious metals sector’s outlook in 2021,
- Understanding the opportunities presented by the precious metals sector, and
- Hearing directly from precious metals company CEOs about their projects.
Mammoth Resources President and CEO, Thomas Atkins will be presenting Feb 4, 2021 (THIS
THURSDAY) 12:20 pm PST / 3:20 pm EST “ Commencing Field Exploration at the Tenoriba
Property in Mexico.”
REGISTER HERE: https://gcff-feb-4-2021.eventbrite.ca/?aff=MTH
About Mammoth Resources:
Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on
acquiring and defining precious metal resources in Mexico and other attractive mining friendly
jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty
purchasable anytime within two years from commencement of commercial production for US$1.5
million) in the 5,333 hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in
southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration
projects in the Americas on properties it deems to host above average potential for economic
concentrations of precious metals mineralization.
To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the
company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and CEO at: 416
509-4326.
Neither the 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.
Forward Looking Information: This news release may contain or refer to forward-looking information. All
information other than statements of historical fact that address activities, events or developments that the
Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples
include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking
statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that
may cause actual events or results to differ materially from those discussed in such forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on
these forward-looking statements due to the inherent uncertainty therein.