11:30:13 EDT Thu 18 Apr 2024
Enter Symbol
or Name
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CA



Monument Mining Ltd
Symbol MMY
Shares Issued 210,558,030
Close 2013-02-06 C$ 0.435
Market Cap C$ 91,592,743
Recent Sedar Documents

Monument cancels $80-million offering, appeases GoldMet

2013-02-07 17:31 ET - News Release

An anonymous director reports

GOLDMET B.V. AND MONUMENT MINING LIMITED TO PUT AN END TO THE IR DISPUTE

GoldMet B.V. has resolved its dispute with Monument Mining Ltd. regarding financial matters.

Pursuant to this:

  • GoldMet, the largest shareholder of Monument, has agreed to withdraw the concerns that it had previously expressed.
  • GoldMet will support Monument's intention to pursue the reinforcement of its presence in Malaysia, satisfying Monument's commitments to the government across a range of community and social responsibility initiatives.
  • GoldMet will support Monument's management and Monument's progress in the development of the Mengapur gold project and the extension of the gold deposits portfolio and is confident in the future of Monument.
  • Monument has cancelled the previously contemplated $80-million brokered private placement led by Mackie Research Capital Corp. and, with the support of GoldMet, will pursue other options to satisfy its planned capital expenditure requirements. Both companies will work jointly in relation to such options.

We seek Safe Harbor.

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