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MONUMENTAL MINERALS CORP. CLOSES ADDITIONAL STRATEGIC PRIVATE PLACEMENT FINANCING
MONUMENTAL MINERALS CORP. CLOSES ADDITIONAL STRATEGIC PRIVATE PLACEMENT FINANCING Canad...
About this update from Monumental Energy Corp.
[{"type":"text","content":"\n \n \n \n MONUMENTAL MINERALS CORP. CLOSES ADDITIONAL STRATEGIC PRIVATE PLACEMENT FINANCING\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 April 11, 2023\n \n \n /CNW/ - Monumental Minerals Corp. (\"\n \n Monumental\n \n \" or the \"\n \n Company\n \n \") (TSXV: MNRL) (FSE: BE5) (OTCQB: MNMRF) announces that it has closed a non-brokered private placement (the \"\n \n Private Placement\n \n \") for gross proceeds of\n \n $2,207,200\n \n , consisting of 12,612,571 units of the Company (\"\n \n Units\n \n \") at a price of\n \n $0.175\n \n per Unit. Each Unit consists of one common share of the Company (\"\n \n Shares\n \n \") and one common share purchase warrant of the Company (\"\n \n Warrants\n \n \"). Each whole Warrant entitles the holder to acquire one Share at a price of\n \n $0.30\n \n per Share for a period of three years following the closing of the Private Placement.\n \n \n \n \n \n \n \n \n \n In connection with the Private Placement, the Company paid aggregate cash finder's fees of\n \n $110,360\n \n and issued 630,628 non-transferable broker warrants to Ocean Wall Limited. The broker warrants are exercisable for a period of 24 months from issuance at a price of\n \n $0.20\n \n per Share. All securities issued in connection with the Private Placement are subject to a statutory hold period of four months and one day from the closing of the Private Placement.\n \n \n The Company intends to use the proceeds of the Private Placement to conduct exploration and development work on its mineral exploration properties, as well as for general working capital purposes. The Private Placement is subject to the final acceptance of the TSX Venture Exchange.\n \n \n \n About Monumental Minerals Corp.\n \n \n Monumental Minerals Corp. is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in the critical and electric metals sector. The Company's flagship asset is the Jemi HREE project located in\n \n Coahuila, Mexico\n \n ne...