VANCOUVER, Nov. 20,
2015 /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
November 20, 2015 in Vancouver,
B.C., which had a turnout in person or by proxy of 36.87% of
its issued and outstanding shares. All of management's
nominees for directors being Robert F.
Baldock, Cathy Zhai,
Zaidi Harun, Graham Dickson, Mark
Gasson, Michael John Kitney
and Rhett Brans were approved by shareholders. In addition,
the number of directors being set at seven and the appointment of
BDO Canada LLP, Chartered Accountants as auditor of the Company
were approved as proposed. The fixed stock option plan has been
approved in the meeting.
Robert Baldock,
President and CEO commented, "We have three new board members with
strong mining experience that have now joined our Board of
Directors. That experience will be invaluable for the Company
moving forward in the challenging global mining market downturn in
sustaining production and working toward seeking future growth
opportunities." Mr. Baldock added, "I would also like to take this
opportunity to thank the retiring directors, who have served the
Company in past years for their contribution toward building the
Company."
For more information on these matters, please
refer to Monument's Information Circular, available on SEDAR
(www.sedar.com) or visit our website at www.monumentmining.com.
About Monument
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is
an established Canadian gold producer that owns and operates the
Selinsing Gold Mine in Malaysia.
Its experienced management team is committed to growth and is
advancing several exploration and development projects including
the Mengapur Polymetallic Project, in Pahang State of Malaysia, and
the Murchison Gold Projects comprising Burnakura, Gabanintha and
Tuckanarra in the Murchison area of Western Australia. The Company employs over
300 people in both regions 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 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
"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 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
achieved". The forward-looking statements in this news release are
subject to various risks, uncertainties and other factors that
could cause actual results or achievements to differ materially
from those expressed or implied by the forward-looking statements.
These risks and certain other factors include, without limitation:
risks related to general business, economic, competitive,
geopolitical and social uncertainties; uncertainties regarding the
results of current exploration activities; uncertainties in the
progress and timing of development activities; foreign operations
risks; other risks inherent in the mining industry and other risks
described in the management discussion and analysis of the Company
and the technical reports on the Company's projects, all of which
are available under the profile of the Company on SEDAR at
www.sedar.com. Material factors and assumptions used to develop
forward-looking statements in this news release include:
expectations regarding the estimated cash cost per ounce of gold
production and the estimated cash flows which may be generated from
the operations, general economic factors and other factors that may
be beyond the control of Monument; assumptions and expectations
regarding the results of exploration on the Company's projects;
assumptions regarding the future price of gold of other minerals;
the timing and amount of estimated future production; the expected
timing and results of development and exploration activities; costs
of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; exchange
rates; and all of the factors and assumptions described in the
management discussion and analysis of the Company and the technical
reports on the Company's projects, all of which are 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