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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 > Management Percentage of Shares Outstanding
View:
Post by romara on Oct 31, 2022 3:16pm

Management Percentage of Shares Outstanding

Management including Directors control 63,320,700 shares, with 326,656,700 shares outstanding, as per the Management Information Circular dated October 18, 2022

This gives them a total of 19.3845% of the shares outstanding.

Now if 100 million shares are voted at the AGM, they would have a percentage of 63.3207% without any further votes backing management. They would just need 3,349,300 open shares to get to 66.67%.

We would need a total of 33,330,000 voting shares to overturn their proposal

Just my thoughts...... Richard
Comment by Gazoo2021 on Oct 31, 2022 6:49pm
Hi Richard Thank you that good information. It's very important that people who would provide LauraHill a proxy or never voted, vote this year. Our shareholder's rights are critical to us ever getting treated fairly. If this proposal succeeds we are at risk of losing everything to Dato Sia for nickels and dimes. I suspect the BOD will be rewarded, as this propsal would allow for the ...more