VANCOUVER, BC, July 12,
2024 /CNW/ - Monumental Energy Corp.
("Monumental" or the "Company") (TSXV: MNRG) (FSE:
ZA6) (OTCQB: MNMRF) is pleased to announce that all matters
submitted to the shareholders for approval as set out in the
Company's Notice of Meeting and Information Circular, were approved
by the requisite majority of votes cast at the annual general and
special meeting of shareholders held on July
12, 2024 (the "Meeting"), including fixing the number
of directors at six, electing each of Michelle DeCecco, Max
Sali, Ryan Cheung, Kris
Raffle, Wasim Rehman and
Frank Jacobs as directors of the
Company to hold office for the ensuing year and appointing Crowe
MacKay LLP as the Company's auditors for the ensuing year and
authorizing the board of directors to set their remuneration.
The Company's shareholders also approved, ratified and affirmed
a new rolling equity incentive plan (the "Equity Incentive
Plan"). The Equity Incentive Plan was approved and adopted by
the Company's board of directors on June 7,
2024 and approved, ratified and affirmed by the Company's
shareholders at the Meeting, replacing the Company's stock option
plan (the "Prior Plan"). The Equity Incentive Plan allows
for the issuance of incentive stock options, deferred share units,
performance share units, restricted share units, stock appreciation
rights, and stock purchase rights (collectively, "Awards").
Pursuant to the Equity Incentive Plan, a maximum of 10% of the
issued shares of the Company, from time to time, may be reserved
for issuance pursuant to the exercise of all Awards granted
thereunder. All of the stock options currently outstanding under
the Prior Plan will remain outstanding and in full force and effect
in accordance with their terms.
About Monumental Energy Corp.
Monumental Energy Corp. is an exploration company focused on the
acquisition, exploration, and development of properties in the
critical and clean energy sector. The Company has an option to
acquire a 75% interest and title to the Laguna cesium-lithium brine
project located in Chile. The
Company holds a 2% net smelter return royalty on Summit Nanotech's
share of any future lithium production from the Salar de Turi
Project. The Company owns securities of New Zealand Energy
Corp.
On behalf of the Board of Directors,
/s/ "Michelle DeCecco"
Michelle DeCecco, CEO
Contact Information:
Michelle DeCecco, Chief Executive Officer
and Director
Email: michelle@monumental.energy
Or
Maximilian Sali, VP
Corporate Development and Director
Email: max@monumental.energy
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking"
Information
This news release contains "forward–looking information or
statements" within the meaning of applicable securities laws, which
may include, without limitation, the technical, financial and
business prospects of the Company, its projects and other matters.
All statements in this news release, other than statements of
historical facts, that address events or developments that the
Company expects to occur, are forward-looking statements. Although
the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in the forward-looking
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which the Company will operate in the future,
the price of metals and oil and gas, the anticipated costs and
expenditures, the ability to achieve its goals, that general
business and economic conditions will not change in a material
adverse manner, that financing will be available if and when needed
and on reasonable terms. Such forward-looking information reflects
the Company's views with respect to future events and is subject to
risks, uncertainties and assumptions, including the risks and
uncertainties relating to the interpretation of exploration
results, risks related to the inherent uncertainty of exploration
and cost estimates, the potential for unexpected costs and expenses
and those other risks filed under the Company's profile on SEDAR+
at www.sedarplus.ca. While such estimates and assumptions are
considered reasonable by the management of the Company, they are
inherently subject to significant business, economic, competitive
and regulatory uncertainties and risks. The Company does not
undertake to update forward–looking statements or forward–looking
information, except as required by law.
SOURCE Monumental Energy Corp.
