Friday, April 11, 2014 3:30:31 PM
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This is our first step of many in a new direction,” said William Lieberman, President of Mammoth Energy Group. “It has taken a long time to finally be able to move the company forward, and Mammoth will be continuing to look to invest in larger North American projects that are in or close to production. In the upcoming weeks we will be announcing further developments as we seek to build a transparent, cash flowing company that will build value over time. We expect to close out this first initial option agreement in a very short time frame and have commitments already lined up for this acquisition. This project has been in development for more than ten years and I have followed it closely for a long time. There is a ton of material available on the project and I would encourage shareholders to look to see the depth, financial commitments, and the level of expertise that has moved this project forward in Canada. This is a long term investment with a significant valuation.
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