BULLETIN V2026-1462
MONUMENTAL ENERGY CORP. ("MNRG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 27, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to a funding agreement dated January 12, 2026 (the "Agreement"), between Monumental Energy Corp NZ Limited (a wholly owned subsidiary of the Company) ("Monumental") and a non-arm's length vendor, NZEC Waihapa Limited (a wholly owned subsidiary of New Zealand Energy Corp.) (the "Vendor"). Pursuant to the terms of the Agreement, Monumental will participate in mutually agreed-upon appraisal and development workover projects with the Vendor to increase oil and gas production within the licensed area. In consideration for financing New Zealand Energy's share of the projects, Monumental will be granted a royalty effective upon the satisfaction of all conditions precedent and the commencement of production. The initial royalty is payable at 75% of net receipts, on a quarterly basis, until Monumental recovers its costs. Subsequently, the Vendor will pay a final royalty to Monumental equal to 25% of net receipts.
The transaction is non-arm's length in nature, and no finder's fees are payable.
For further information, refer to the Company's news release dated January 13, 2026, which is available under the Company's profile on SEDAR+.
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