Today: October 10, 2015, 12:57 pm

Mammoth Energy Group in Negotiations to Sell Chilean Subsidiary 2014-04-09 17:03:17
New York, NY (FSCwire) - Mammoth Energy Group Inc. (MMTE: OTC PINK) announced today that it expects to complete a sale of its Chilean subsidiary, that has held all of the company's lithium claims. The company is currently negotiating a buy-out and sale of these assets and expects that there will be a cash component to the company and a dividend payable to shareholders of record. Terms are expected to be announced imminently.

About Mammoth Energy Group Inc. (OTC MARKETS: MMTE)

Mammoth Energy Group Inc. is focused on acquiring, and developing strategic and operational mineral reserves in locations throughout the world. Mammoth Energy’s goal is to become an important partner as the world’s energy paradigm begins to change throughout the next decade and beyond.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

Contact: Ms. Sam Oneka
Phone: (917) 725 - 4171

To view this press release as a PDF file, click onto the following link:
Source: Mammoth Energy Group Inc. (OTC Pink:MMTE)
Maximum News Dissemination by FSCwire.
Copyright © 2014 Filing Services Canada Inc.
Press Information

Published by
Fred Gautreau

# 426 Words
Related Articles
More From Business
Upcoming Article in The Spine Journal Shows [..]
Titan Spine, a medical device surface technology company focused on developing innovative spinal interbody fusion implants, today [..]
Scepter Partners Appoints Financier Rayo Withanage as [..]
Scepter Partners, a leading direct investment and merchant banking platform for sovereign wealth and large cap family offices, announced [..]
A.M. Best Affirms the Ratings of Allianz [..]
A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a” [..]
DVDFab Golden Autumn Promotion: $30 Off a [..]
On October 9, 2015, Fengtao Software, the industry leader in the field of DVD, Blu-ray and video backup solutions, rolls [..]
Creamfinance Starts Issuing Bonds in Poland
On Thursday (08/10/2015) consumer finance company Creamfinance launched an innovative public bond offering in Poland. Investors for [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.