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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd > So .... What Are We Gping To Do
View:
Post by romara on Oct 29, 2022 7:48pm

So .... What Are We Gping To Do

Do we vote  FOR the Special Resolution, that takes the company (MMY) out of the Canada Business Corporation Act (CBCA) which requires at least 25% of the Directors be ordinary residents in Canada.

or,

Do we vote AGAINST the Special Resolution, which would make the company (MMY) not have at least 25% of Directors be ordinary residents residing in Canada..

So, all you have to do is make your choice, do you want at least 25% of the Directors residing in Canada, or do you not care where people come from to be on the Board of Directors as a Director.

The company must obtain the approval of its shareholders to the Continuance Resolution by way of a special resolution to be passed by not less then two-thirds (66 2/3%) of the votes cast at the meeting in person, or by proxy

So, if the company does not get their two-thirds (66 2/3%)  FOR, they have failed to pass the resolution.

It's our choice

......  Richard
Comment by Gazoo2021 on Oct 29, 2022 8:37pm
Hi Wayne and Richard Voting is not only to take us out of the CBCA. It also includes new Corporate Bylaws that are real special to the BOD. They will able to do as they please, it's like wining cash for life. That should be our cash! No I have not complained, when I do, all here will see it and be able to particiapte. It's all coming in the next week or so, just waiting for my AGM ...more  
Comment by Wayned52 on Oct 30, 2022 1:43pm
" waiting for your AGM info"   after you said you had already carefully studying it all last week .  Nothing you post makes sense . " Bylaws that are special to the BOD . "   they are the same bylaws as all the other TSXV companies work under . You are like Trump . You make things up as you go with no facts .  I don`t put myself in the same class ...more  
Comment by Gazoo2021 on Oct 30, 2022 6:05pm
Hi Wayne Nozz, I and mostly everybody on this bullboard are not impressed with Monument or the BOD. We are Shareholders but fell like Scamholders. The BOD have made a lot of money and Dato Sia has now shown his hand. This resolution will allow for him to make off with the balance of MMY at a fraction of the cost. We have no choice but to pursue the rejection of this proposal and therafter we ...more  
Comment by nozzpack on Oct 30, 2022 2:36pm
We must look at the rationale implicit in this request by management to change from CBCA to BCBCA. The CBCA requires not only at least 25% Canadian BOD but also ( and May be combined with )  with representation of designated groups when appointing members of senior management. We must remember that we have an embedded BOD that remains immune to the fact that they are managers of ...more