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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. 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.


TSXV:MMY - Post by User

Post by romaraon Sep 09, 2021 10:05am
86 Views
Post# 33830679

THe Malaco Deal

THe Malaco DealHere is the deal posted in an NR dated Jan. 31, 2019 .........  Richard

FOR IMMEDIATE RELEASE THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES

Shareholder Reports Updated Equity Interest in Monument Mining Limited
Vancouver, British Columbia, January 31, 2019

Malaco Mining Sdn Bhd (the "Malaco"), of Kuala
Lumper, Malaysia, announces that the Malaco acquired beneficial ownership or control an aggregate of 30 million common shares (collectively, the "Shares") of Monument Mining Limited of Vancouver, BC. Canada (the "Issuer", listed at Toronto Stock Venture Exchange: MMY).


The Acquisitions took place through an off market arrangement (collectively, the "Arrangement") in the amounts, on the dates and for the deemed debt settlement consideration set forth below:

Date of Sale Shares sold Consideration per share Aggregate Consideration January 31, 2020 30,000,000  CDN$0.50   CDN$15,000,000

Prior to the Acquisition, the Malaco had beneficial ownership or control over 25,000,000 common shares of the Issuer, representing 7.68% of the Issuer's issued and outstanding common shares on a non-diluted basis, or a partially-diluted basis assuming the exercise of the Malaco's warrants and incentive stock options only, on the date thereof.

After the Acquisition on January 31, 2020, Malaco has beneficial ownership or control over common shares of the Issuer, representing 16.90% of the Issuer's issued and outstanding common shares on a non-diluted and a partially-diluted basis assuming the exercise of the acquiror's warrants and incentive stock options only, as of the date hereof.

The Malaco acquired beneficial ownership or control the Shares for purpose of meeting a private arrangement. Malaco intends to evaluate his investment in the Issuer and to increase or decrease his beneficial shareholdings from time to time as he may determine appropriate for investment purposes.

A copy of the early warning reports of Malaco corresponding to this press release can be obtained

from Malaco, at
Suite 568-10-36, Level 10, Kompleks Mutiara, Batu 3 1/2, Jalan Ipoh, 51200, Kuala Lumpur, Malaysia, or on SEDAR at www.sedar.com under the Issuer's profile.

Contact: hksia@malaco.com.m

Question: I wonder what the private arrangements were, or are?

Question: I wonder what the "debt settlement was"?  "The Acquisitions took place through an off market arrangement (collectively, the "Arrangement") in the amounts, on the dates and for the deemed debt settlement consideration set forth below:"


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