VANCOUVER, Feb. 13, 2015 /CNW/ - Monument Mining
Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company")
announces it has been informed by the above Court that the full
trial fixed at February 16, 2015 for
SMSB VS Monument case has been adjourned. The reason given by
the Court was that there was an older matter that had taken
priority. No replacement date has been agreed by the court or
the parties. As at the date of this news release the Company
is uncertain when it will proceed.
The subject of the trial is to determine the outcome of a claim
by Selinsing Mining Sdn. Bhd. to a 5% JV interest in the Selinsing
gold mine. Monument claims the matter has no merit and denies
any such JV interest and is defending the matter.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q) is an established
Canadian gold producer that owns and operates the Selinsing Gold
Mine in Malaysia. Its experienced
management team is committed to growth and is advancing several
exploration and development projects including the Mengapur
Polymetallic Project, in Pahang State of Malaysia, and the
Murchison Gold Projects comprising Burnakura, Gabanintha and
Tuckanarra in the Murchison area of Western Australia. The Company employs over
300 people in both regions and is committed to the highest
standards of environmental management, social responsibility, and
health and safety for its employees and neighboring
communities.
Robert F. Baldock,
President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Forward-Looking Statements
This news release includes statements containing
forward-looking information about Monument, its business and future
plans ("forward-looking statements"), including statements with
respect to the termination of the proposed transaction between
Monument and Gascoyne. The forward-looking statements in this
news release are subject to various risks, uncertainties and other
factors that could cause actual results or achievements to differ
materially from those expressed or implied by the forward-looking
statements. These risks and certain other factors include,
without limitation: risk related to such termination; risks related
to general business, economic, competitive, geopolitical and social
uncertainties; uncertainties regarding the results of current
exploration activities; uncertainties in the progress and timing of
development activities; foreign operations risks; other risks
inherent in the mining industry and other risks described in the
management discussion and analysis of the Company and the technical
reports on the Company's projects, all of which are available under
the profile of the Company on SEDAR at www.sedar.com.
Material factors and assumptions used to develop forward-looking
statements in this news release include: there are no further
obligations of Monument in respect of the proposed transaction;
expectations regarding the estimated cash cost per ounce of gold
production and the estimated cash flows which may be generated from
the operations, general economic factors and other factors that may
be beyond the control of Monument; assumptions and expectations
regarding the results of exploration on the Company's projects;
assumptions regarding the future price of gold of other minerals;
the timing and amount of estimated future production; the expected
timing and results of development and exploration activities; costs
of future activities; capital and operating expenditures; success
of exploration activities; mining or processing issues; exchange
rates; and all of the factors and assumptions described in the
management discussion and analysis of the Company and the technical
reports on the Company's projects, all of which are available under
the profile of the Company on SEDAR at www.sedar.com.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. The Company does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.
SOURCE Monument Mining Limited