Business
Monument Acquires Package of Additional Adjacent Land - Update
Monument Acquires Package of Additional Adjacent Land - Update
About this update from Monument Mining Limited
[{"type":"text","content":"Monument Acquires Package of Additional Adjacent Land - Update\n\n\n\nMonument Acquires Package of Additional Adjacent Land - Update\n\nVancouver, British Columbia CANADA, July 07, 2008 /FSC/ - Monument Mining Ltd. (MMY - TSX Venture, D7Q1 - FWB), (\"Monument\" or the \"Company\") releases the current status in respect to the acquisition of Famehub Ventures Sdn. Bhd. (\"Famehub\") and its 32,000 acres of prospective exploration land and an associated data base announced on January 21, 2008. This additional exploration land package is located adjacent to its present 100% owned Selinsing Gold Project and adjoining exploration target Buffalo Reef. The associated exploration data was generated from expenditure carried out on the land package titles located adjacent to Monuments Selinsing Gold Project and adjoining Buffalo Reef exploration target. \n\nThe Company advises that due diligence in relation to the acquisition is progressing well. However the transaction will not close until all regulatory, governmental and other approvals in Malaysia and Canada have been obtained. The transaction is fully on track but due to the nature of the acquisition package and the substantial number of titles in the package, it is a time consuming process and the Company is unable to estimate when the due diligence will be completed. Updated information will be released when available.\n\nRobert F. Baldock, President and CEO\nMonument Mining Limited\nPark Place, Suite 710, 666 Burrard Street\nVancouver B.C. Canada V6C 3P6\n\nFor further information contact:\n \nNorth America: \nRichard Cushing, Investor Relations \nOffice: 604.638.1661 ext. 102 \nCell: 604.889.6563 \nE-mail: [email protected] \nWebsite: www.monumentmining.com \n\nEurope:\nWolfgang Seybold, President and CEO, Axino.AG \nOffice: +49.711.25.35.92.40\nFax: +49.711.2...