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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