Business
Moncoa Corporation - Private placement completed
Moncoa Corporation - Private placement completed.
About this update from Monument Mining Limited
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Oct. 20 /CNW/ - Moncoa Corporation (TSX-V: MON) announces it\nhas raised $150,000 for working capital and corporate purposes to assist in\ncompleting its acquisition of an interest in the Selinsing Gold Mine project\nin Pahang State, Malaysia, through an RTO previously announced. Details are\navailable in the Company's Information Circular for its Annual and Special\nMeeting to be held Wednesday, October 25, 2006, which Circular has been filed\non SEDAR and can be accessed at www.sedar.com. On completion of the private\nplacement, the Company will issue 857,143 pre-consolidated shares at\n$0.175 per share for net proceeds of $135,000 after payment of a commission.\nAs indicated in the Company's news release of September 12, 2006, the\nOctober 25, 2006 Meeting will seek shareholder approvals to proceed with the\nacquisition, to consolidate the share capital on a two for one basis, to\nchange the name of the Company to \"Monument Mining Limited\", and to elect a\nBoard of experienced mining industry directors, among other resolutions\nconnected with the RTO. The Company also seeks to raise a minimum of\n$3,125,000 and a maximum of $5,500,000 gross funds to complete the acquisition\nfollowing the approvals anticipated at the Meeting.\nCompletion of the various transactions are subject to a number of\nconditions, including Exchange acceptance and disinterested shareholder\napproval.\n\nThe TSX Venture Exchange has in no way passed upon the merits of the\nproposed transaction and has neither approved nor disapproved the\ncontents of this news release.\n\n%SEDAR: 00008911E\n\n\n","length":1661,"tagName":"div"}]