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MONUMENTAL ENERGY MAKES STRATEGIC INVESTMENT INTO NEW ZEALAND ENERGY CORP.
MONUMENTAL ENERGY MAKES STRATEGIC INVESTMENT INTO NEW ZEALAND ENERGY CORP. Canada NewsW...
About this update from Monumental Energy Corp.
[{"type":"text","content":"\n \n \n \n MONUMENTAL ENERGY MAKES STRATEGIC INVESTMENT INTO NEW ZEALAND ENERGY CORP.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Dec. 12, 2023\n \n \n /CNW/ - Monumental Energy Corp. (\"\n \n Monumental\n \n \" or the \"\n \n Company\n \n \") (TSXV: MNRG) (FSE: BE5) (OTCQB: MNMRF) announces that it has filed an early warning report (the \"\n \n Early Warning Report\n \n \") in respect to its holdings in\n \n New Zealand\n \n Energy Corp. (TSXV: NZ) (\"\n \n NZ\n \n \") in conjunction with its market expansion focused on sustainable, clean energy.\n \n \n \n \n \n \n \n \n \n Pursuant to NZ's\n \n $2,058,778\n \n non-brokered private placement completed on\n \n December 12, 2023\n \n (the \"\n \n Private Placement\n \n \") (see NZ's news release dated\n \n December 12, 2023\n \n ), Monumental acquired 1,000,000 common shares of NZ (the \"\n \n Shares\n \n \") at a price of\n \n $0.38\n \n per Share for a total subscription price of\n \n $380,000\n \n representing approximately 12.92% of the total issued and outstanding shares of NZ. Proceeds from the ‎Private Placement are intended to procure long lead items for the Tariki-5 well and to fund working capital.\n \n \n \n Michelle DeCecco\n \n , interim CEO comments,\n \n \n \"Monumental's investment into NZ is driven by a growth plan that includes strategic alternatives that focus on sustainable, clean energy, analogous to our lithium projects. With an imminent strategy to explore, drill and produce gas into a fully operational production facility, taking a position in NZ was an exceptional opportunity for Monumental Energy.\"\n \n \n Further information about New Zealand Energy Corp. is available at\n \n www.newzealandenergy.com\n \n and\n \n www.sedarplus.ca\n \n .\n \n \n Prior to the completion of the Private Placement, Monumental did not own, directly or indirectly, or exercise control or direction over any securities of NZ. The ‎acquisition of ‎the Shares by Monumental was made for investment purposes. Subje...