Monumental Minerals Corp. announced a non-brokered private placement of 5,646,000 units at an issue price of CAD 0.175 per unit for aggregate gross proceeds of up to CAD 988,050 on March 3, 2023. The transaction involves participation from new strategic investors.

Each Unit will consist of one common share of the company and common share purchase warrant of the company exercisable at CAD 0.30 per share for a period of three years following the closing of the transaction. The transaction is subject to the final acceptance of the TSX Venture Exchange and all securities issued are subject to a four month and one day hold period. No finder's fees are payable in connection with the transaction.