Mammoth Resources Corp. (TSXV:MTH) announced non-brokered private placement of up to 14,300,000 units at a price of CAD 0.14 per unit for gross proceeds of CAD 2,002,000 on May 25, 2021. The transaction will include participation from accredited investors including funds managed by institutional and high net worth investors for 10,500,000 units. Each unit consists of one common share and one share purchase warrant exercisable at CAD 0.21 per share for a period of 18 months from closing, subject to acceleration. Securities issued are subject to four-month hold period. The transaction is subject to receipt of all required regulatory and exchange approvals. The company may pay a finder's fees on a portion of the transaction.