Offering slated to fund development of Mengapur Polymetallic Project
By Devika Patel
Knoxville, Tenn., Dec. 17 - Monument Mining Ltd. said it has arranged an C$80 million brokered private placement of stock. The deal has a 15% greenshoe.
The company will sell 160 million common shares at C$0.50 each on a best-efforts basis. The price per share is a 16.28% premium to C$0.43, the Dec. 14 closing share price.
The deal will be conducted by a syndicate of agents led by Mackie Research Capital Corp. and including Salman Partners Inc.
Proceeds will be used for development of the Mengapur Polymetallic Project and general corporate purposes.
Monument Mining is a gold exploration and development company based in Vancouver, B.C.
| Issuer: | Monument Mining Ltd.
|
| Issue: | Common stock
|
| Amount: | C$80 million
|
| Greenshoe: | 15%
|
| Shares: | 160 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Agents: | Mackie Research Capital Corp. (lead), Salman Partners Inc.
|
| Pricing date: | Dec. 17
|
| Stock symbol: | TSX Venture: MMY
|
| Stock price: | C$0.43 at close Dec. 14
|
| Market capitalization: | C$91.03 million
|
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