Monument updates the proposed joint venture with Central Australian Phosphate

About this update from Monument Mining Limited

[{"type":"text","content":"\n\n\nVANCOUVER, June 26, 2013 /CNW/ - On 15 May 2013, Monument Mining Limited\n (TSX-V: MMY and FSE: D7Q1) (\"Monument\") announced that it had entered into a binding heads of agreement with\n Central Australian Phosphate Limited (\"CEN\") in relation the establishment of a joint venture for the exploration\n and development of CEN's phosphate assets (\"Joint Venture\").  The Joint Venture, which would result in Monument investing up to\n A$8.8 million over 4.5 years to achieve a 51% interest in CEN's\n phosphate projects, was unanimously recommended by the CEN directors\n and was subject to a number of conditions precedent, including CEN\n shareholder approval.\n\n\nOn 26 June 2013 (Sydney, Australia time), CEN held its general meeting\n to allow CEN shareholders to vote on a resolution to approve the Joint\n Venture.  Monument notes the results of CEN's general meeting, which\n saw a majority of CEN shareholders vote against the resolution. \n Accordingly, the Joint Venture with CEN will not be formed.\n\n\nAbout Monument \nMonument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian\n gold producer that owns and operates the Selinsing Gold Mine in\n Malaysia, with production cash costs among the lowest in the world. Its\n experienced management team is committed to growth and is advancing\n several exploration and development projects in Malaysia, including the\n feasibility stage, Mengapur Polymetalic Project. The Company employs\n 330 people in Malaysia and is committed to the highest standards of\n environmental management, social responsibility, and health and safety\n for its employees and neighboring communities.\n\n\nRobert F. Baldock, President and CEO\nMonument Mining Limited\nSuite 910- 688 West Hastings StreetVancouver 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 the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\" \n\n\nForward-Looking Statement \n\n\nThis news release contains forward-looking statements about Monument\n Mining Limited (\"Monument\"), its business and future plans.\n Forward-looking statements are statements that are not historical facts\n and include the timing of the proposed programs and events. The\n forward-looking statements i...

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