Monument closes first tranche of $80m private placement
TORONTO (miningweekly.com) – TSX-V-listed Monument Mining on Tuesday closed the first tranche of its $80-million brokered private placement for gross proceeds of $15-million.
The company said it had issued 30-million shares of the 160-million shares it would issue for the whole offering at 50c a share. The funds would be for the initial development of the Mengapur polymetallic project, in Malaysia, and for general corporate purposes.
The closing of following tranches of the offering would be subject to final approval by the TSX Venture Exchange.
The Malaysia-focused gold producer on Friday said it would proceed with an $80-million private placement offering and disavowed a statement made by 26% shareholder GoldMet, saying the companies had agreed that Monument cancel the financing, among other points of contention.
GoldMet held the equity financing was unnecessary and highly dilutive owing to comprising up to 76% of the number of Monument’s current outstanding common shares.
Monument’s TSX-V-listed shares closed at 43 Canadian cents apiece on Tuesday.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














