Mammoth Resources Corp. Issues Options to Certain Directors and an Officer
06.07.2012 | Marketwire
TORONTO, ONTARIO -- (Marketwire - July 6, 2012) - Mammoth Resources Corp. (the "Company") (TSX VENTURE:MTH) is pleased to announce that it has issued to certain new directors and a new officer of the Company a total of 540,000 options to purchase common shares in the Company in accordance with the terms of the its Stock Option Plan. The options are exercisable at a share price of $0.25 per share until June 30, 2017 and vest 25 percent upon issuance and 25 percent each of six, 12 and 18 months from the date of issuance.About Mammoth Resources:
Mammoth Resources (TSX VENTURE:MTH) is a mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company has an option to acquire 100% of the Urique Property and the Tenoriba Property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico and continues to seek other option agreements on other 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.
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.
Contact
Mammoth Resources Corp.
Thomas Atkins, President & CEO
416-479-0887
tom@mammothresources.ca
www.mammothresources.ca