Bulletin Contents
Search
Home Page
 
Monument Mining Limited 
Listed Company 

MONUMENT MINING LIMITED ("MMY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 3, 2015
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing a Heads of Agreement dated January 31, 2015 between Monument Mining Limited (the Company) and Intec International Projects Pty Ltd. (the Vendor) whereby the Company has been granted an interim license to exploit and test the Vendor's patented technology for the extraction of base and precious metals from sulphide concentrate. Subject to a successful trial commercialization test, the Company will acquire the license rights to an agreed upon territory. Consideration is 14,000,000 common shares at a deemed value of $0.25, placed in escrow with release based on achievement of certain milestones. The Company is obligated to incur capital expenditures during the commercialization trial testing ranging from $13 million to $15 million.
________________________________________