Monument Mining grants share purchase options

About this update from Monument Mining Limited

[{"type":"text","content":"\n\n\nVANCOUVER, Sept. 11, 2013 /CNW/ - Monument Mining Limited (TSX-V: MMY\n and FSE: D7Q1) (\"Monument\" or the \"Company\") announces the grant of\n 19,465,501 incentive stock options to its directors, officers, employees and\n consultants exercisable at $0.33 per share for periods ranging from\n five to ten years, with vesting periods ranging from zero to two years.\n\n\nOf the stock options granted, a total of 13,865,501 have been granted\n under the existing 10% Rolling Stock Option Plan (the \"2012 Rolling\n Plan\") including 12,000,000 stock options granted in order to replace\n the equivalent amount of stock options that expired in August 2013. A\n total of 27,505,803 common shares are reserved under the 2012 Rolling\n Plan, leaving 854,302 common shares available for further grant.\n\n\nThe remaining 5,600,000 stock options are granted under a Proposed 15%\n Fixed Stock Option Plan (the \"Proposed Fixed Plan\") where a total of\n 41,258,705 common shares are reserved. Both the 5,600,000 new stock\n options and the Proposed Fixed Plan are subject to shareholder and TSX\n Venture Exchange (the \"Exchange\") approval. Upon implementation of the\n Proposed Fixed Plan, all existing stock options will be governed by the\n Proposed Fixed Plan; however, any vesting schedule imposed by the 2012\n Rolling Plan in respect of stock options previously granted thereunder\n will remain in full force and effect. The Company intends to apply for\n Exchange approval of the Proposed Fixed Plan forthwith, and to seek\n shareholder approval of the Proposed Fixed Plan and the stock options\n granted thereunder at the next annual general meeting of the Company.\n\n\nIn accordance with Exchange policies, stock options granted under the\n Proposed Fixed Plan will not be exercisable unless and until such\n grants receive shareholder approval. Any person who is granted stock\n options under the Proposed Fixed Plan will not be entitled to vote his\n or her shares on the resolution approving such grants of stock options.\n\n\nPlease visit our website at www.monumentmining.com for more information.\n\n\nRobert F. Baldock, President and CEO\nMonument Mining Limited\nSuite 910- 688 West Hastings Street\nVancouver B.C. Canada V6B 1P1\n\n\n\"Neither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of ...

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