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Dear <<First Name>>,

December 12, 2011

Monument Annual General and Special Meeting Important Reminder



Dear Fellow Shareholder:
 
This email is being sent as a reminder regarding the upcoming Annual General and Special Meeting of Shareholders (the “Meeting”) ofMonument Mining Limited (the “Company” or “Monument”) to be held at 910 - 688 West Hastings Street, Vancouver, British Columbia, on Friday, December 30, 2011 at 4:00 P.M, Pacific Standard Time.
 
At the Meeting, shareholders will be asked to approve, among other things, the Company’s acquisition of a 70% interest in the Mengapur Polymetalic Project in Malaysia (the “Acquisition”) and the concurrent financing of the Acquisition by way of private placement.  These items are discussed in detail in the Information Circular disseminated by the Company in connection with the Meeting.
 
Background to the Acquisition of the Mengapur Project
 
The Company’s mission is to increase shareholder value by seeking to become a diversified mid-tier producer through expansion and development of its existing pipeline of mineral assets and to grow through acquisition of new resource properties with promising economic potential in Southeast Asia.  The Company’s portfolio of properties currently includes the producing Selinsing gold mine, the advanced Buffalo Reef exploration gold project and several grass root gold prospective properties.  The Company has for some time been actively seeking to add to its portfolio consistent with this mission.  The Mengapur Project is an exciting opportunity which meets all of our objectives. 
 
The Mengapur Project is a large polymetalic project, previously owned by the Malaysian Mining Corporation, which in the early 1990’s had done extensive exploration and development work on the property. 
 
Following successful completion of our due diligence and extensive negotiations, the Company entered into a definitive acquisition agreement (the “Definitive Agreement”) in late November to acquire a 70% interest in the Mengapur Project for an aggregate consideration of $70 million.  Under the Definitive Agreement, the Company will acquire an interest in approximately 185 hectares within an area that was the subject of extensive historical exploration that had identified significant mineral potential.
 
In the course of our due diligence review, we examined the historical data contained in a detailed study completed in 1993 on the Mengapur Project, conducted our own limited confirmatory drilling and investigated the results of the limited copper and iron production occurring from the project.  The Company also examined the detailed plans contained in the historical study for a long-life open pit mining and processing operation for the production of iron, copper and fertilizer by products.  The historical study and the Company’s own analysis also considered the potential for silver and gold production from the Mengapur Project.
 
The Company concluded that the Mengapur Project presented a unique and exciting opportunity, consistent with our mission, and with the potential for long-life revenue generation to leverage our expertise and expand our operations.
 
Financing the Acquisition and the Mengapur Project
 
The Acquisition and plans for the subsequent exploration and development of the Mengapur Project require greater financial resources than presently available to the Company.  As well, the opportunity to acquire the Project was only available to the Company provided it could make significant up front deposits and complete the Acquisition in an extremely short period of time frame.
 
In order to raise the needed financing for the Project, management and the Board considered the alternative financing sources available including debt financing, forward sales, public offering, rights offering or other alternatives.
 
Due to present market uncertainty, the ongoing global financial crisis and in order to minimize financial risk to shareholders, the Company chose the certainty of a committed private placement to finance the acquisition and development of the Mengapur Project. In addition, due to the tight timeframe to close the acquisition demanded by the vendor of the Mengapur Project, the window for equity financing is too narrow to complete a rights offering or a brokered deal.  The Company had to seek a guaranteed source of funds to be able to satisfy concerns expressed by the vendor during commercial negotiation. The vendor’s main concern from the outset was the low capital base of the Company in undertaking project that is much larger than Selinsing.  The arranged financing satisfied all of those concerns.
 
On December 2, 2011, the Company announced that it would conduct a non-brokered private placement (the “Private Placement”) of up to 140,000,000 units consisting of ore shares and a 3-year 70¢ warrant at a price of $0.50 per unit for gross proceeds of up to $70,000,000. As required by the policies of the TSX Venture Exchange, shareholders will be asked at the Meeting to approve the private placement, as it will result in the subscriber, Tulum Corporation Ltd., holding over 40% of the Company’s outstanding shares.
 
To address the dilution that shareholders would concern, Monument intends to strategize the phases of development of streams of production in order to generate the cash flow to further fund the Mengapur project from off take sales arrangement.  By equity financing, Monument shareholders will suffer dilution upfront, but in the medium term the private placement and the Mengapur Acquisition are expected to ultimately build greater value to all shareholders.
 
The Company does not intend to complete the Acquisition unless the Private Placement is completed concurrently. 
 
The Companyis excited about the prospects presented by the Mengapur Project and encourages Shareholders to attend the Meeting and Vote FOR the Acquisition and financing in order to allow us to significantly advance our mission.
 
Your vote is important, no matter how many or how few shares you may own.Whether you are able to attend the meeting or not, we urge you to vote TODAY.
 
Yours very truly,
 
Robert F. Baldock
Director, President and Chief Executive Officer
 
 
YOUR VOTE IS IMPORTANT
Please vote by 4 PM Pacific Time on December 28, 2011.
 
You may vote via the internet at www.proxyvote.com following the instructions found on your Voting Instruction Form. If you haven’t receive your materials, have any questions or require assistance voting your shares, please call our proxy solicitor, Laurel Hill Advisory Group at 1-877-304-0211 or via email at assistance@laurelhill.com.
 
 
For further information contact:

Monument Mining Limited:
RICHARD CUSHING,
Investor Relations
T +1 604 638 1661 x 102
E: rcushing@monumentmining.com
W: www.monumentmining.com
     

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of this release."

Forward-Looking Statement

This news release contains forward-looking information about Monument Mining Limited ("Monument"), its business and future plans. The use of words such as "would", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking information. Forward-looking information in this news release includes statements with respect to the completion and the timing of the Summary Report, the financing,, the results of due diligence and the Summary Report, the entering into of a definitive agreement and the closing of the proposed acquisition of the Project. The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions remain stable; continuing demand for, and stable or improving prices of gold; receipt of regulatory and government approvals in a timely manner; the availability of financing; Monument's ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; Monument's ability to attract and retain skilled personnel; the accuracy of the company's resources estimates and the accuracy of the historical estimates in the Study; the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations. Actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including: volatility in the price of gold; risk inherent in mineral exploration and development; uncertainties associated with the estimating of mineral resources, and in particular the historical estimates in the Study; competition for capital and skilled personnel; geological technical and drilling problems; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the annual information form 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 information, 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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