Monumental Energy Corp. Reports 2024 Annual General and Special Meeting Results
Monumental Energy Corp. Reports 2024
Annual General and Special Meeting Results
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:
Or
Maximilian Sali
, VP Corporate Development and Director
Email:
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/July2024/12/c1181.html
%SEDAR: 00050941E
CO: Monumental Energy Corp.
CNW 17:00e 12-JUL-24