Mr. Max Sali reports
MONUMENTAL ENERGY ENGAGES INDEPENDENT TRADING GROUP AS MARKET MAKER
Subject to TSX Venture Exchange approval, Monumental Energy Corp. has engaged the services of Independent Trading Group (ITG) to provide market-making services in accordance with TSX-V policies. ITG will trade shares of the company on the TSX-V and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.
Under the agreement, ITG will receive compensation of $10,000 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.
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 financing 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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