Aug 15th 2011 Plan of Operation Currently, the Company is funding operations through loans made by various entities. The Issuer will continue to fund the operations of the Company in this way until the recently acquired Chilean subsidiary begins operations, which the Company intends to begin by the end of the fourth quarter or early first quarter 2012.
Compania Lithium Investments Limitada acquired these projects as a result of an Asset purchase agreement that was signed between a Canadian-Chilean based investment holding company unrelated to Mammoth Energy Group or its shareholders or management.
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