Forward-Looking Statement
This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations, plans, objectives or future events that are not historical facts and include the Company’s plans with respect to its mineral projects and the timing and results of proposed programs and events referred to in this news release. Generally, forward-looking information 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 achi
Monument Mining: Monument Announces RSU Grants
VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ( Monument or the Company ) announces it has granted an aggregate of 3.9 million restricted share units (the RSUs ) to its directors, officers and employees pursuant to the RSU plan.
The Company s RSU and stock based option plans are aimed to compensate and reward its directors, officers and employees for working towards the Company s long term objectives and in alignment with the shareholders best interest. Out of 3.9 million newly granted RSUs, 1.1 million is granted as a part of the director s fee restructure where the cash component has been significantly reduced; 1.7 million are performance RSUs rewarding their milestone achievement upon closing of the Mengapur transaction; and 1.1 million are granted to incentivize management to achieve the milestone target completing Selinsing processing plant upgrade.
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Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia
April 08, 2021 15:06 ET | Source: Monument Mining Monument Mining Vancouver, British Columbia, CANADA
Monument” or the “
Company”) is pleased to announce the closing of the Transaction with Fortress Minerals Limited (“
Fortress”) to sell Fortress a 100% interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd, which owns a 100% interest in the Mengapur Copper and Iron Project (the “
Mengapur
Project”).
The Mengapur Project is located in Pahang State, approximately 75km northwest from Kuantan. The sale of the Mengapur Project is part of Monument’s corporate restructuring to focus on the development of their gold projects in Malaysia and Western Australia.