Mr. Max Sali reports
MONUMENTAL ENERGY CLOSES PRIVATE PLACEMENT FINANCING
Monumental Energy Corp.
has closed a non-brokered private placement, consisting of
620,000 units at a price of nine cents per unit for gross proceeds of $55,800. Each
unit comprises one common share of the company and one transferable common share purchase
warrant. Each whole warrant is exercisable to purchase one common share of the
company at a price of 15 cents per share for a period of two years from the closing date of the private
placement.
The company intends to use the proceeds of the private placement for general working capital purposes.
No finders' fees are payable in connection with the private placement.
All securities issued under the private placement and any common shares of the company that are
issuable upon the exercise of warrants are subject to statutory hold period of four months and one day
following the closing date of the private placement in accordance with applicable Canadian securities
laws and the policies of the TSX Venture Exchange.
About Monumental Energy Corp.
Monumental Energy is an exploration company focused on the acquisition, exploration, and
development of properties in the critical and clean energy sectors. The company is building a strategic
position in New Zealand's onshore Taranaki basin, targeting near-term oil production and longer-term
natural gas development.
The company has a funding agreement with New Zealand Energy Corp. (NZEC) targeting production
optimization and workover opportunities across existing fields. The company also holds securities of
NZEC and a call option and royalty interest related to the Copper Moki wells.
Monumental additionally maintains exposure to the critical minerals sector through a 2-per-cent net smelter
return royalty on Summit Nanotech's interest in the Salar de Turi lithium project in Chile.
We seek Safe Harbor.
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