Next financing is 25ct warrants March 3 and April 11 2026expiry, so this year the share needs to get to a minimum 35 - 40cts would be my guess for warrants to be exercised.
Would add roughly $3 Million to the treasury.
Monumental to reprice warrants to 25 cents per share
2025-01-21 16:30 ET - News Release
Ms. Michelle DeCecco reports
MONUMENTAL ENERGY CORP. ANNOUNCES WARRANT AMENDMENTS
Subject to certain conditions and the approval of the TSX Venture Exchange, Monumental Energy Corp. intends to reprice certain share purchase warrants of the company originally issued on March 3, 2023, and April 11, 2023.
A total of 5,646,000 share purchase warrants were originally issued by the company pursuant to the closing of a non-brokered private placement on March 3, 2023 (see the company's news release dated March 3, 2023), and a total of 12,612,571 share purchase warrants were originally issued by the company pursuant to the closing of a non-brokered private placement on April 11, 2023 (see the company's news release dated April 11, 2023). As issued, each warrant entitles the holder to purchase one common share of the company at a price of 30 cents per share for a period of three years from the date of issuance. No warrants have been exercised to date.
The company is seeking the approval of the exchange to reduce the exercise price of the warrants to 25 cents per share. All other terms of the warrants will remain the same. Insiders of the company hold an aggregate of 2,285,714 warrants.
The proposed amendment to reprice the warrants is subject to the approval of the 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 sector. The company owns securities of New Zealand Energy Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy. The company also has an option to acquire a 75-per-cent interest and title to the Laguna cesium/lithium brine project located in Chile. The company holds a 2-per-cent net smelter return royalty on Summit Nanotech's share of any future lithium production from the Salar de Turi project.
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