Business
Monument Announces Termination of Proposed Transaction with Gascoyne Resources Limited
VANCOUVER , Dec. 22, 2014 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (" M...
About this update from Monument Mining Limited
[{"type":"text","content":"\n\nVANCOUVER, Dec. 22, 2014 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (\"Monument\" or the \"Company\") announces that Monument and Gascoyne Resources Limited (\"Gascoyne) have mutually agreed to terminate the Heads of Agreement for the previously announced proposed acquisition transaction between the two companies due to the fact that certain conditions precedent to the completion of the transaction have not been met.  The proposed transaction was announced on September 4, 2014.\n\nThe parties have entered into a Deed of Termination which terminates the Heads of Agreement effectively immediately and mutually releases the parties from further obligations. As a result of the termination, Monument will not be obligated to participate in any further placements of Gascoyne shares;  Gascoyne retains control of its mineral properties including the Glenburgh, Dalgaranga and Mt. Egerton in Gascoyne and Murchison regions, Western Australia.\n\nAbout Monument \n\nMonument 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 Projects in Burnakura and Gabanintha, 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. \n\nRobert F. Baldock, President and CEOMonument Mining Limited    Suite 1580 -1100 Melville StreetVancouver, BC V6E 4A6\n\n\"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.\"\n\nForward-Looking Statements\n\nThis news release includes statements containing forward-looking information about Monument, its business and future plans (\"forward-looking statements\"), including statements with respect to the termination of the proposed transaction between Monument and Gascoyne.  The forward-looking statements in this news release are subject to various risks...