Business
Monument Grants Stock Purchase Options to its Key Staff and Consultants
Monument Grants Stock Purchase Options to its Key Staff and Consultants
About this update from Monument Mining Limited
[{"type":"text","content":"\nMonument Grants Stock Purchase Options to its Key Staff and Consultants\n\n\n Feb. 13, 2009 (Baystreet.ca) -- Vancouver, British Columbia CANADA -- Monument Mining Ltd. (MMY - TSX Venture, D7Q1 - FWB), (\"Monument\" or the \"Company\") announces that it has granted a total of 550,000 stock purchase options to its newly appointed key staff and consultants as it ramps up its 100% owned Selinsing Gold Project in Malaysia. \nThe new stock purchase options were issued under the 2009 Stock Option Plan. It allows the Company to grant stock purchase options to its directors, officers, employees and consultants. The maximum number of shares eligible to be reserved for issuance under the 2009 Plan is 22,126,000. The number of shares issuable within a 12 month period under the 2009 Plan shall not exceed 6% of issued and outstanding shares to any one Optionee. The exercise price of each option is set by the Board of Directors at the time of grant but cannot be less than the market price. The Company's Board of Directors has discretion as to the number, vesting period and expiry dates of stock options granted. \nThe 550,000 newly granted stock purchase options have a life of five years from the grant date, exercisable at a price of $0.25. The options have a 4 month hold and will vest over a 2-year period, one year and two years respectively after the issue date.  As a result of the new grants and prior grants, a total of 21,676,000 stock purchase options have been granted and 450,000 common shares are reserved for grant under the 2009 Plan. \nMonument Mining Limited is an emerging Gold Producer exploring in the Malaysian Gold Belt in Pahang State, Malaysia. The Company is fast tracking gold production at its 100% owned Selinsing Gold Mine Project targeting production in Q3-2009 and is unhedged.  Monument is strategically exploring gold resources at 100% owned Damar Buffalo Reef Prospect and expanding it land holdings. \n\nRobert F. Baldock, President and CEO Monument Mining Limited Park Place, Suite 710, 666 Burrard Street Vancouver B.C. Canada V6C 3P6    \nFor further information contact:        North America:                           Richard Cushing, Investor Relations  ...