Business
Monument Commences Action for Injunction and Damages
Monument Commences Action for Injunction and Damages
About this update from Monument Mining Limited
[{"type":"text","content":"Monument Commences Action for Injunction and Damages\n\n\n\nMonument Commences Action for Injunction and Damages\n\nVancouver, British Columbia CANADA, August 08, 2008 /FSC/ - Monument Mining Ltd. (MMY - TSX Venture, D7Q1 - FWB), (\"Monument\" or the \"Company\") advises that it has issued a writ in the High Court of British Columbia against Sim Tze Chui AKA Jyn Tze Baker et el. (\"the Defendants\") for defamation. The Company is seeking an injunction and damages against the Defendants.\n\nThe defendants sent letters to a variety of parties, amongst them the Legal Counsel for Monument, the Company's Brokers, its Investor Relations agents and employees, the TSX Venture Exchange, the London AIM Exchange and others, alleging that Monument did not own one of its Malaysian properties known as the Selinsing property.\n\nThe Company has confirmed ownership to the Selinsing property and that there is no substance to the Defendants' claims. Neither the TSX Venture Exchange nor the London AIM Exchange has taken the matter further. Monument has continued its exploration and development activities in respect to the Selinsing property. \n\nNotwithstanding confirmation of ownership and a High Court of Malaysia injunction preventing the defendants from making such statements, they have continued to do so in contempt of the court order. The Company has therefore been forced to commence proceedings in the High Court of British Columbia for injunctive relief, for defamation and for general and specific damages and costs of the action.\n\nRobert F. Baldock, President and CEO\nMonument Mining Limited\nPark Place, Suite 710, 666 Burrard Street\nVancouver, B.C. \nCanada V6C 3P6\n\nThe TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.\n\nNot for distribution to U.S. news wire services or dissemination in the United States. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information contained herein. Certain disclosures in this release, including management's assessment of the Company's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to t...