Monument Mining Ltd. V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.

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Monument Mining Ltd.

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Post by romaraon Sep 07, 2021 12:18pm

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Post# 33819149

Pipe Dream Gone Sour

Baldock had all kinds of dreams for Monument..... dreams to fill his pockets. This is a NR from Feb. 2014 finalizing the deal to Malaco for 25 million shares ...... Richard

Monument Closes Magnetite Transaction at Mengapur

February 6, 2014

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Vancouver, B.C., February 6, 2014, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) today announced that it has received TSX Venture Exchange acceptance for, and has closed, its previously-announced Oxide Magnetite Purchase and Profit-Sharing transaction.

Pursuant to the terms of the Oxide Magnetite Purchase and Profit-Sharing Agreement with Malaco Mining Sdn. Bhd. (“Malaco”) and its group of companies and shareholders, Monument issued 25 million common shares to Malaco in consideration for a profit-sharing arrangement with respect to the oxide magnetite top soils on Area C of the Mengapur Project, as well as approximately 1.2 million tonnes of previously stockpiled oxide magnetite top soils.

The Company plans to build a magnetite concentrate processing plant on the Mengapur Project in order to produce marketable-grade magnetite from these oxide magnetite top soils. Further information regarding the Company’s development plans for the oxide magnetite on the Mengapur Project is contained in the Company’s news release of January 29, 2014.

The common shares issued to Malaco are subject to a statutory four month hold period expiring on June 6, 2014.

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