Monumental GOLD Corp. Completes IPO and Announces Listing ON the TSX Venture Exchange
MONUMENTAL GOLD CORP. COMPLETES IPO AND
ANNOUNCES LISTING ON THE TSX VENTURE EXCHANGE
Vancouver, British Columbia – April 30, 2021: Monumental Gold Corp. (TSX-V: MGLD) (the
“Company”) is pleased to announce that it has completed its initial public offering (“IPO”) in which
it distributed 5,750,000 common shares of the Company at a price of $0. 20 per common share for
aggregate gross proceeds of $ 1,150,000. The Company’s common shares were listed on April 30,
2021 and are expected to commence trading on the TSX Venture Exchange (“TSXV”) on or about
May 4, 2021 under the trading symbol “MGLD”.
Clarus Securities Inc. (the “Agent”) acted as exclusive agent in respect of the IPO on a commercially
reasonable efforts basis. The IPO consisted of the distribution of 5,000,000 common shares at a price
of $0.20 per common share. The Agent also exercised in whole the Agent’s option to sell an
additional 750,000 common shares at a price of $0.20 per share, for an aggregate total of 5,750,000
common shares subscribed for under the IPO. Pursuant to the IPO, the Agent received a cash
commission of 8% of the gross proceeds raised and an aggregate of 460,000 non-transferable
common share purchase warrants entitling the Agent to purchase 460,000 common shares at $0.20
per common share at any time until April 30, 2023. The Agent also received a corporate finance fee
(comprised of a cash payment and 62,500 common shares at a deemed price of $0.20 per common
share).
The Company holds an option to acquire a 100% interest in and to eight (8) mineral claims
comprising a total of approximately 2,968.83 hectares in the Kamloops and Nicola Mining Divisions
and in the Thompson Nicola Regional District, British Columbia (the “ Weyman Property ”),
pursuant to an option agreement with Platinum Belt Resources Inc. dated July 13, 2020, amended
February 28, 2021 and April 5, 2021.
As a result of the closing of the IPO, the Company now has 20,812,500 Shares issued and outstanding
as of the date hereof , of which 3,700,000 Shares are subject to escrow pursuant to National Policy
46-201, released 10% on the IPO closing date with an additional 15% released every six months over
a 36-month period. Pursuant to Policy 5.4 of the TSXV , an additional 3,400,000 Shares are subject
to escrow on the same basis. Also pursuant to Policy 5.4 of the TSXV and a volunta ry pooling
agreement, 7,900,000 Shares are subject to voluntary resale restrictions, to be released 20% on the
closing of the IPO with an additional 20% released every four months thereafter over a sixteen-month
period. Further, 3,700,000 Shares are subject to lock up agreements to not otherwise sell or transfer
such Shares for a period of 90 days after the closing of the IPO without consent of the Agent.
Additional information on the Company, the IPO and the Weyman Property, can be found in the
Company’s final long form prospectus dated January 29, 2021 as filed on SEDAR at
www.sedar.com.
About Monumental Gold Corp. : Monumental Gold Corp. is a mineral exploration company
focused on the acquisition, exploration and development of mineral resource properties. The
Company has an option to acquire a 100% interest and title to the Weyman Property located in the
Kamloops and Nicola Mining Divisio ns and in the Thompson Nicola Regional District, British
Columbia.
Contact Information - For more information, please contact:
Todd Macdonald, Chief Executive Officer
Tel: (604) 313-8368
Email: [email protected]
The securities offered pursuant to the IPO have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities
laws and may not be offered or sold in the United States absent registration or an available exemption
from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
Neither 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 release.
Forward-Looking Statements
This press release contains “forward‐looking information or statements” within the meaning of Canadian securities laws,
which may include, but are not limited to statements relating to the date of first trading in the Company’s common shares
and its future business plans. All statements in this release, other than statements of historical facts, that address events
or developments that the Company expects to occur, are forward -looking statements. Forward -looking statements are
statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”,
“anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or
conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company be lieves 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. Factors that
could cause the actual results to differ materially from those in forward -looking statements include regulatory actions,
fluctuations in metal and commodity prices, market prices, failure to obtain permits, and continued availability of capital
and financing, and general economic, market or business conditions. In particular, there is no guarantee that exploration
work, as proposed, or otherwise, will be completed on the Weyman Property. Such forward-looking information reflects
the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those
set out in the Company’s final long form prospectus dated March 2, 2021 and filed under the Company’s profile on
SEDAR at www.sedar.com. The Company does not undertake to update forward‐looking statements or forward‐looking
information, except as required by law. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the forward -looking
statements. There can be no assurance that any forward -looking statements or information will prove to be accurate as
actual results and future events could differ materially from those anticipated in such statem ents or information.
Accordingly, readers should not place undue reliance on forward-looking statements or information. Except as required
by applicable securities laws, the Company undertakes no obligation to update these forward -looking statements in the
event that management’s beliefs, estimates or opinions, or other factors, should change.