Monumental Energy Corp. is pleased to announce that it has increased its strategic investment in
New Zealand Energy Corp. . Pursuant to NZ's $5,000,000 non-brokered private placement completed on May 9, 2024 , Monumental acquired an additional 293,333 common shares of NZ at a price of $0.75 per share for a total subscription price of $220,000. Together with Monumental's initial investment in December 2023, the Company holds a total of 1,293,333 common shares of NZ which represents approximately 8.63% of NZ's issued and outstanding common shares. Maximilian Sali, VP Corporate Development and Director of Monumental comments: "Since our initial investment at the end of last year, NZEC has made great progress in terms of preparation for oil well workovers at Copper ...