VANCOUVER, Feb. 8, 2013 /CNW/ - Monument Mining Limited (TSX-V: MMY and
FSE: D7Q1) ("Monument" or the "Company") wishes to announce that following the earlier news release today, the
Company further clarifies that the previously announced $80 million
private placement has not been canceled.
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
advanced-stage Mengapur Polymetallic Project. The Company employs 280
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
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
Forward-Looking Statement
This news release contains forward-looking statements and
forward-looking information about Monument Mining Limited ("Monument"),
its business and future plans (together, "forward-looking statements").
Forward-looking statements are statements that are not historical facts
and include the timing and completion of the proposed programs and
events, including the Offering. The forward-looking statements in this
news release are subject to various risks, uncertainties and other
factors that could cause actual results or achievements to different
materially from those expressed or implied by the forward-looking
statements. These risks and certain other factors include, without
limitation, regulatory and other risks related to the Offering; the
outcomes of applications for renewal of property rights; government
regulation of mining operations; and environmental risks. Generally,
forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to:
general business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration activities;
litigation risks; risks with respect mining licenses and exploration
licenses; foreign operations risks; financing risks; other risks
inherent in the mining industry and other risks described in the
management's discussion and analysis of the Company, which is available
under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward- looking statements. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE: Monument Mining Limited
FOR FURTHER INFORMATION please visit the company web site at www.monumentmining.com or contact:
Nick Kohlmann, MMY Toronto
T: +1-647-478-3594
nkohlmann@monumentmining.com
Richard Cushing, MMY Vancouver
T: +1-604-638-1661 x102
rcushing@monumentmining.com
Anne Robert, CHF IR
T: +1-514- 826-8121
anne@chfir.com
Wolfgang Seybold, Axino AG-Europe
T: +49 711-2535-92 40
wolfgang.seybold@axino.de