04:18:38 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Monument Mining Ltd
Symbol MMY
Shares Issued 275,158,030
Close 2014-01-27 C$ 0.31
Market Cap C$ 85,298,989
Recent Sedar Documents

ORIGINAL: Monument shareholder GoldMet to vote for dissident slate

2014-01-28 12:08 ET - News Release

Received by email:

File: Goldmet NR - January 28 (00128226-6).doc


NEWS RELEASE
MONUMENT MINING SHAREHOLDER GOLDMET ANNOUNCES SUPPORT FOR KREIMER'S NOMINEES
January 28, 2014 - George Molyviatis and GoldMet B.V. (collectively "GoldMet"), holders in aggregate of 54,112,500 com
--->mon shares (the "Shares") of Monument Mining Limited (TSXV: MMY) ("Monument") representing 19.67% of the 275,158,030 o
--->utstanding shares of Monument, announce that they have determined to vote in favour of the dissident slate of director
--->s led by Avner Kreimer. 

Mr. Molyviatis states "Avner is known to me and although I had advised him that I was uncertain as to whether GoldMet 
--->could vote for him or support him and his slate when he was preparing to launch a dissident campaign, I have now deter
--->mined to do so. The reason for this hesitancy was that GoldMet had entered into an agreement on February 17, 2013 whic
--->h contained support provisions in favour of company management for one year. Management called the AGM barely more tha
--->n 10 months following the previous AGM in an attempt to take advantage of these support provisions twice in the twelve
---> month period. 

Following a request from Monument last week to vote those shares in management's favour, Goldmet sought and received l
--->egal advice and concluded that Monument breached a fundamental term of the agreement. Specifically the agreement requi
--->red management to recommend that the board adopt a dividend policy involving a shareholder dividend being paid by June
---> 30, 2013. Goldmet believes that no such recommendation was made.  Goldmet has advised Monument that the breach of the
---> agreement constituted a repudiation of the agreement, and that GoldMet was no longer bound by the agreement in the ci
--->rcumstances.

As a result of GoldMet's decision to vote its shares in favour of the slate of proposed directors nominated by Mr. Avn
--->er Kreimer, GoldMet may be considered to be acting jointly or in concert with Mr. Kreimer for this purpose.
Mr. Kreimer has disclosed that he holds 160,000 common shares of Monument, representing approximately 0.06% of the out
--->standing shares of Monument.  Combined, GoldMet and Mr. Kreimer hold 54,272,500 common shares, representing 19.72% of 
--->the currently issued and outstanding shares of Monument.
GoldMet acquired the common shares of Monument for investment purposes, and has no present intention to acquire furthe
--->r securities of Monument, although GoldMet may in the future participate in financings and/or acquire or dispose of se
--->curities of Monument in the market, privately or otherwise, as circumstances or market conditions warrant.
Pursuant to the requirements of section 5.2 (2) (b) of National Instrument 62-104 "Take-Over Bids and Issuer Bids", Go
--->ldMet has filed an Early Warning Report filed with the applicable securities regulators in respect of the above acquis
--->ition is available at www.sedar.com under Monument's SEDAR profile.  
FOR FURTHER INFORMATION PLEASE CONTACT:
GoldMet B.V.  Attention:	George Molyviatis 		Email:  georgemolyviatis@gmail.com 
This news release includes forward looking statements that are subject to assumptions, risks and uncertainties.  State
--->ments in this news release which are not purely historical are forward looking statements, including without limitatio
--->n any statements concerning GoldMet's intentions, plans, estimates, expectations or beliefs regarding the future.  Alt
--->hough GoldMet believes that any forward looking statements in this news release are based on reasonable assumptions, t
--->here can be no assurance that any such forward looking statements will prove to be accurate.  GoldMet cautions readers
---> that all forward looking statements, including without limitation those relating to Monument's future operations and 
--->business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncert
--->ainties that could cause actual events or results to differ materially from those indicated in the forward looking sta
--->tements.  Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place und
--->ue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and GoldMet assumes no obligation to upda
--->te the forward looking statements, or to update the reasons why actual events or results could or do differ from those
---> projected in the forward looking statements.  GoldMet assumes no obligation to update any forward looking statements,
---> whether as a result of new information, future events or otherwise.




© 2024 Canjex Publishing Ltd. All rights reserved.