Monumental Minerals Corp. announced a non-brokered private placement of 12,612,571 units at a price of CAD 0.175 per unit for gross proceeds of CAD 2,207,200 on April 11, 2023. Each unit consists of one common share and one common share purchase warrant.

Each whole Warrant entitles the holder to acquire one Share at a price of CAD 0.30 per Share for a period of three years from the date of closing. The transaction is subject to approval from TSX Venture Exchange. The securities are being subject to four months hold period and one day from the closing.

The Company paid aggregate cash finder's fees of CAD 110,360 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 CAD 0.20 per Share. The transaction included participation from 13 placees.