Monumental Energy closes CAD 3.05 million private placement at CAD 0.09 per unit

  • Monumental Energy closed a non-brokered private placement of 33,929,583 units at CAD 0.09, raising gross proceeds of CAD 3.05 million.
  • Each unit includes one common share, one transferable warrant exercisable at CAD 0.15 for two years.
  • Net proceeds earmarked for additional oil and gas workovers in New Zealand, potential asset reviews, new well drilling, capability buildout, working capital.
  • Paid CAD 175,451 in cash commissions; issued 1,949,453 non-transferable finder warrants with exercise prices of CAD 0.09 or CAD 0.15.
  • Plans to reprice 4,371,923 warrants issued Feb. 28, 2025 to CAD 0.175 from CAD 0.25; expiry remains Feb. 28, 2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Monumental Energy Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605261718BIZWIRE_USPR_____20260526_BW302945) on May 26, 2026, and is solely responsible for the information contained therein.