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The board of Monument Resources Inc. has voted to end registration of its stock, the Denver energy company said in a securities filing.

The action will result in the delisting of Monument Resources stock for quotations on the Over the Counter Bulletin Board, the Securities and Exchange Commission filing said.

The company (OTCBB: MNMN.OB) said it expects to suspend its SEC reporting obligations on Dec. 28.

"The [board] directors determined that any benefits accruing to the company from being registered and listed are substantially outweighed by increasing regulatory burdens and costs," Monument Resources said in a press release accompanying its SEC filing.

"The board’s resolution cited the burdens on management time, as well as increased costs for outside accounting and legal services caused by rules and regulations required of registered and quoted companies," the release said low rates payday advance. It said Monument Resources "will make reasonable efforts to have the company’s shares quoted on the Pink Sheets following such delisting."

The action "will allow us to focus all of our financial and managerial resources on preserving and enhancing our assets," company President A.G. Foust said in the release. "We intend to maintain auditable financial information that can be used if, in the future, we elect to register our shares, make an acquisition, or sell or merge the company."

In the release, Monument Resources said it had about $275,000 in cash, an interest in several gas wells and a pipeline and transmission facility in Leavenworth County, Kan.

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