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Monumental Gold ( (TSE:MNRG) ) has provided an announcement.
Monumental Energy Corp. announced plans to reprice certain share purchase warrants issued in 2023, reducing the exercise price from $0.30 to $0.25 per share, pending approval from the TSX Venture Exchange. This move is aimed at incentivizing warrant holders, including insiders who hold a significant portion of these warrants, to exercise their options, potentially enhancing the company’s capital position and aligning with its strategic interests in the energy sector.
More about Monumental Gold
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 interests in New Zealand Energy Corp., a call option and royalty agreement on the Copper Moki wells, a 75% option stake in the Laguna cesium-lithium brine project in Chile, and a 2% net smelter return royalty on Summit Nanotech’s future lithium production from the Salar de Turi Project.
YTD Price Performance: 166.67%
Average Trading Volume: 838,986
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on MNRG stock on TipRanks’ Stock Analysis page.
