DTC “Chill” Removed Mammoth Energy Group Common Stock
23 January 2014 - 5:30AM
Business Wire
Mammoth Energy Group Inc. (MMTE: OTC PINK) 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.
President, William Lieberman said, "We are in receipt of a
letter from DTC acknowledging the “Chill” removal and have reviewed
a recent activity transaction journal supplied by our transfer
agent, Transfer Online Inc., which now confirms DTC's decision to
accept XDSL share deposits and transfers into street name. We are
pleased with the collaborative efforts by our lead outside
securities counsel, Laura Anthony Esq. of Legal and Compliance
LLC, as well as counsel for DTC and DTC itself, in working to
remove the chill, enabling our shareholders to once again deposit
shares in street name." Lieberman added, "We are grateful to the
attorneys, whose hard work and determination throughout this
lengthy process was instrumental in accomplishing the removal of
the DTC "Chill".
About Mammoth Energy Group Inc. (OTC PINK: MMTE)
www.mammoth-energy.comMammoth Energy Group Inc. is focused on
acquiring, developing and operating strategic mining energy
reserves in locations throughout the world. With an ever changing
shift to alternative energy and fuels Mammoth Energy Group will be
prepared to be a leading energy supplier and operator. 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 StatementsThis 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: Mr. Pedro SantoyaPhone: (917) 725 - 4171Email:
info@mammoth-energy.comWeb: www.mammoth-energy.com
Mammoth Energy Group Inc.Mr. Pedro Santoya,
917-725-4171info@mammoth-energy.comwww.mammoth-energy.com