Business
Monument Engages CHF in Investor Relations and Updates $12 Million Financing
Monument Engages CHF in Investor Relations and Updates $12 Million Financing
About this update from Monument Mining Limited
[{"type":"text","content":"\nMonument Engages CHF in Investor Relations and Updates $12 Million Financing\n\n\n Jun. 9, 2010 (Filing Services Canada) -- Monument Mining Ltd. (MMY - TSX Venture, D7Q1 - FWB), (\"the Company\", or \"Monument\") announces its new affiliation with CHF Investor Relations (Cavalcanti Hume Funfer Inc., \"CHF\"), headquartered in Toronto, for investor relations services. CHF is well known for its work in the resources sector and has been under the same management for more than seventeen years. The CEO and President Robert Baldock commented, \"Collaborating with CHF will be invaluable to the Company as Monument develops into a junior gold producer at the Selinsing Gold Project. The Company intends to advance exploration at Buffalo Reef Project and to increase our land position in Malaysia. We are confident that CHF will introduce our story to a broader Canadian audience in the financial and investment communities.\"Subject to acceptance by the TSX Venture Exchange, under the terms of the agreement, CHF will provide investor relations (\"IR\") and market-making services to Monument effective immediately for a fixed term of twelve months.  In the absence of written termination notice by either party effective May 14, 2011, IR services shall continue thereafter on an open-ended basis and may be terminated by either party with a three-month advanced written notice. Monument will compensate CHF C$7,500 monthly, as well as applicable disbursements. As a part of this agreement 1,600,000 incentive stock purchase options will be granted to CHF exercisable at $0.30 per share for a period of three (3) years vesting 400,000 in six months from the grant date and 300,000 every six month thereafter; of which 475,000 will be subject to shareholders' approval at the next Monument Annual General Meeting. Prior to the grant of stock options described above, CHF had no interest, directly or indirectly, in the Company or its securities.Monument intends to engage CHF's Market Liquidity Program as soon as practical. Such activities will be undertaken out of CHF's Calgary office through a registered broker in compliance with the guidelines established by the TSX Venture Exchange Policy 3.4 and other relevant policies.Other DevelopmentsThe Company is diligently working towards closing the $12 million financing transaction announced in December 21...