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Monument Mining Ltd Announces Private Placement of up to $80 Million


Monday, 17 Dec 2012 08:56am EST 

Monument Mining Ltd announced that it has engaged a syndicate of agents, led by Mackie Research Capital Corporation (MRCC) and including Salman Partners Inc. and other agents (collectively, the Agents), to complete a best-efforts private placement financing (the Offering) of up to 160,000,000 common shares of the Company (the Common Shares) at a price of $0.50 per Common Share (the Issue Price), for aggregate gross proceeds of up to $80,000,000. The Company has granted the Agents an option (the Over-Allotment Option) to increase the size of the Offering by up to an additional 15% in the number of Common Shares. The Over-Allotment Option shall be exercisable by the Agents by giving written notice thereof, or a part thereof, to the Company at any time up to 48 hours prior to the closing of the Offering. The Agents shall be under no obligation whatsoever to exercise the Over-Allotment Option, in whole or in part. The Company intends to use the net proceeds from the Offering for the initial development of the Mengapur Polymetallic Project, and for general corporate purposes. 

Company Quote

0.29
0.02 +7.41%
17 Apr 2014