Monumental Energy appoints Mackay as director

Executive Summary

• Monumental Energy Corp. announced the appointment of Chris Mackay to its board of directors and the resignation of long-serving director Kris Raffle.
• The company granted incentive stock options to directors, officers, and consultants, detailing the exercise price, term, vesting schedule, and exchange-mandated hold period.
• The release contains only administrative updates with no material operational, financial, or drilling results disclosed.

Key Details

• Board Changes: Chris Mackay appointed as new director; Kris Raffle resigns from the board.
• New Director Profile: Mackay is CEO of Strand Finance, a Vancouver-based finance and development company with a portfolio of real estate assets valued at over $16 billion.
• Stock Option Grant: 2.9 million incentive stock options granted to directors, officers, and consultants.
• Option Terms: Exercise price of $0.10 per common share; 3-year term from grant date; immediate vesting.
• Hold Period: All options subject to a 4-month-and-1-day hold period from the grant date per TSX Venture Exchange policies.

Notable Quotes

• Maximilian Sali, CEO: "It's a pleasure to have Chris Mackay join our board. His business acumen is second to none and he has done a tremendous job building his family's real estate business. He significantly adds value and strength to our board, and I look forward to having him assist with corporate decisions. I want to thank Kris Raffle for his time on our board. Kris has been a director since the inception of this company and has always been key in board decisions."
• Chris Mackay: "I have known Max for a very long time and, after doing a lot of due diligence and speaking to him about how the company will move forward, I wanted to be involved and join the board. I look forward to helping the company with its oil and gas initiatives in New Zealand."