Offer for CEN withdrawn April 30, 2013
Monument Updates Its Interest In Central Australian Phosphate Limited
Release #17 - 2013
Vancouver, B.C. Further to the announcement dated 23 April 2013 regarding Monument Mining Limited’s (TSX-V: MMY and FSE: D7Q1) ("Monument") indicative non-binding conditional proposal to acquire all the share capital of Central Australian Phosphate Limited (“CEN”), Monument wishes to advise that it has withdrawn its indicative proposal.
Monument is continuing discussions with CEN regarding alternative commercial options for future exploration activity at CEN’s main phosphate deposit (the Arganara Project). These discussions are preliminary in nature and may not lead to an alternative proposal.
Monument remains committed to securing a long-term supply of phosphate rock for its Mengapur Polymetallic Project and will inform its shareholders of any future developments.
About Monument
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia, with production cash costs among the lowest in the world. Its experienced management team is committed to growth and is advancing several exploration and development projects in Malaysia, including the 100% owned, development stage, Mengapur Polymetalic Project. The Company employs 320 people in Malaysia and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1