|Monument Mining Limited - MMY.v flagship is the Selinsing Project, an open-pit gold mine in Pahang State in the Central Gold Belt District in Malaysia.
Selinsing produced 44,438 ounces at a cash cost of $242 US$/oz in 2011. (Fiscal year ending June 30th 2011) In Q1 the company reported 10,676 ounces at an average cash cost of $303 per ounce.
Monument Mining Limited - MMY.v
Exercised 24 million @ $0.50, a premium to current share price of $0.425. Nice. Now let's hope the share price moves up to that with the expiration of all but 5 million warrants...
Monument Received $12 Million through Exercise of Stock Purchase Warrants
GoldMet B.V., a Netherland based company ("GoldMet"), has purchased 24,112,500 transferrable stock purchase warrants of Monument privately and exercised them at $0.50 per share before the expiry date of July 21, 2012. As of today, a total of 208,658,030 common shares of the Company are issued and outstanding. 43,212,000 stock purchase warrants expired on July 21, 2012 bringing the total outstanding warrants of the Company down to 5,000,000.
The President and CEO Robert Baldock stated, "The Company is very pleased with this investment by Goldmet and to have a new major shareholder and supporter. This is especially so in these difficult market times. The investment at a premium to market demonstrates confidence in the Company going forward and in its development plans in Malaysia. This new capital is not only without cost to the Company -- but it removes the overhang from the market that has been an issue constraining the share price of Monument for a good while".
Please visit our website at www.monumentmining.com for more information.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1