VANCOUVER, April 2, 2013 /CNW/ - Monument Mining Limited (TSX-V: MMY and
FSE: D7Q1) "Monument" or the "Company" is pleased to announce the
results from its Annual General Meeting held on March 28, 2013 (the
"Meeting") in Vancouver, B.C., which had a turnout in person or by
proxy of over 50% of its issued and outstanding voting shares. All
proposed resolutions were approved by over 90% of participating
shareholders in favor of all resolutions.
At the Meeting, shareholders appointed Grant Thornton LLP to serve as
the Company's Auditors, ratified the Company's 10% stock option plan,
approved a Shareholders Rights Plan, and approved and ratified By-Law
Number 1A of the Company. All previous members of the board of
directors were re-elected for the ensuing year.
Robert Baldock, President and CEO stated: "The endorsement of
shareholders for the resolutions represents significant support for the
Management and the Board of Directors going forward. With this support,
management is now able to focus on development of its major assets".
Please visit our website at www.monumentmining.com for more information.
About Monument Mining Limited
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
polymetalic Mengapur 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
"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 information and
forward-looking statements about Monument (together referred to herein
as "forward-looking statements"). Forward-looking statements are
statements that are not historical facts and include statements
regarding: the timing and implementation of the planned development of
the Mengapur Project, the potential processing capacity for the
Mengapur Project, the timing and amount of any dividend and other plans
and expectations of the Company. Forward-looking statements are based
on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and are inherently
subject to a variety of risks and uncertainties and other known and
unknown factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements..
These risks and certain other factors include: the Company's
expectations in connection with its exploration, development and
expansion projects; the impact of general business and economic
conditions; changes in project parameters as plans continue to be
refined; costs of future activities; capital and operating
expenditures; success of exploration activities; the estimated cash
cost per ounce of gold production and the estimated cash flows which
may be generated from the operations; mining or processing issues;
currency exchange rates; government regulation of mining operations;
environmental risks; general economic factors and other factors that
may be beyond the control of Monument... 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 the
risks factors listed above, other risks inherent in the mining industry
and other risks described in the management 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 statements 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 statements, except in
accordance with applicable securities laws.
SOURCE: Monument Mining Limited