UPDATES Mammoth Energy Group to Reduce Outstandin
Post# of 958
Posted On: 06/07/2014 11:21:15 AM
UPDATES
Mammoth Energy Group to Reduce Outstanding Shares
Date : 04/15/2014 @ 9:04PM
announced today that it expects and intends to reduce its outstanding common shares by 67,198,300 common shares as a result of the unwinding of its Chilean assets. 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 on top of the reduction of common shares. Terms are expected to be announced by the end of April.
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Mammoth Energy Group in Negotiations to Sell Chilean Subsidiary
Date : 04/09/2014 @ 10:58AM
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.
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Mammoth Energy Group Signs Option Agreement to Acquire Shares of Grand River Ironsands
today announced that it has signed an initial option agreement to acquire up to 250,000 shares of the privately held Grand River Ironsands. Grand River Ironsands is the majority equity holder of The North Atlantic Iron Corporation.
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DTC “Chill” Removed Mammoth Energy Group Common Stock
today announced that shareholders who had experienced difficulty or additional costs when depositing the Company's shares manually will now be able to have their shares deposited electronically in street name. DTC has resolved all issues and cleared the Company to resume accepting deposits of the Company's common stock for book entry transfer services. All deposit restriction chills have been removed and the Company is now once again fully "DTC Eligible." DTC's removal of the chill now allows shareholders with online brokerage accounts with firms such as Scottrade, ETRADE, TD Ameritrade and other full service brokerage firms to deposit new shares of Mammoth Energy’s common stock in the electronic system that controls clearance and settlement. The Company has over 5,000 shareholders who should benefit from the additional number of choices now available to them as a result of this action.
Mammoth Energy Group to Reduce Outstanding Shares
Date : 04/15/2014 @ 9:04PM
announced today that it expects and intends to reduce its outstanding common shares by 67,198,300 common shares as a result of the unwinding of its Chilean assets. 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 on top of the reduction of common shares. Terms are expected to be announced by the end of April.
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Mammoth Energy Group in Negotiations to Sell Chilean Subsidiary
Date : 04/09/2014 @ 10:58AM
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.
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Mammoth Energy Group Signs Option Agreement to Acquire Shares of Grand River Ironsands
today announced that it has signed an initial option agreement to acquire up to 250,000 shares of the privately held Grand River Ironsands. Grand River Ironsands is the majority equity holder of The North Atlantic Iron Corporation.
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DTC “Chill” Removed Mammoth Energy Group Common Stock
today announced that shareholders who had experienced difficulty or additional costs when depositing the Company's shares manually will now be able to have their shares deposited electronically in street name. DTC has resolved all issues and cleared the Company to resume accepting deposits of the Company's common stock for book entry transfer services. All deposit restriction chills have been removed and the Company is now once again fully "DTC Eligible." DTC's removal of the chill now allows shareholders with online brokerage accounts with firms such as Scottrade, ETRADE, TD Ameritrade and other full service brokerage firms to deposit new shares of Mammoth Energy’s common stock in the electronic system that controls clearance and settlement. The Company has over 5,000 shareholders who should benefit from the additional number of choices now available to them as a result of this action.
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