Sign up for Email Updates RSS Subscription Home Contact Us Site Map German Home Company Company Mission Statement A Successful Mine Builder Management Board of Directors Corporate Governance Corporate Directory Mines & Properties Mines & Properties Properties and Resources Selinsing Property Overview Resources Selinsing Exploration Program Buffalo Reef Overview Resources Buffalo Exploration Program Famehub Properties Overview Resources Famehub Exploration Program Murchison Gold Project Overview Mengapur Project Overview Malaysia Malaysia's Geology Mines Selinsing Gold Mine Mine History & Highlights Production Process Production Photo Gallery Gold Plant Site and Development Mining Exploration First Gold Pour Our People Selinsing Mine Opening Ceremony Phase III Plant Expansion Investors Investors Fact Sheet Presentation Capital Structure Event Calendar Media Coverage News & Reports News & Reports News Releases 2014 2013 2012 2011 2010 2009 2008 2007 Financial Statements Annual Reports Technical Reports Responsible Mining Responsible Mining Community Projects Environment Employees Disclaimer Contact Us Site Map A Growing Low Cost Gold Producer in Malaysia Monument Mining Limited is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia, with production cash costs among the lowest in the world. Its experienced management team is committed to growth and is advancing several exploration and development projects in Malaysia, including the advanced stage, polymetallic Mengapur project. Read more Production Exploration Teamwork Commitment Production Sustainable production supported by industry low costs Exploration A well equipped in-house drill team exploring over large land position Teamwork Dedicated team lead by responsible management Commitment Increased value to our investors, our team, our communities, our environment Interview with Robert Baldock of Monument Mining at the PDAC 2013 in Toronto Monument Mining Corporate Video March 2012 News Releases Mar 03, 2014 Monument Commences Exploration Programs at Murchison Gold Project in Australia Feb 28, 2014 Monument Reports Second Quarter Fiscal 2014 Results Feb 25, 2014 Monument Closed Acquisition of Murchison Gold Project in Australia Event Calendar Presentation Fact Sheet Photo Gallery Home Company Company Mission Statement A Successful Mine Builder Management Board of Directors Corporate Governance Corporate Directory Mines & Properties Mines & Properties Properties and Resources Selinsing Property Overview Resources Selinsing Exploration Program Buffalo Reef Overview Resources Buffalo Exploration Program Famehub Properties Overview Resources Famehub Exploration Program Murchison Gold Project Overview Mengapur Project Overview Malaysia Malaysia's Geology Mines Selinsing Gold Mine Mine History & Highlights Production Process Production Photo Gallery Gold Plant Site and Development Mining Exploration First Gold Pour Our People Selinsing Mine Opening Ceremony Phase III Plant Expansion Investors Investors Fact Sheet Presentation Capital Structure Event Calendar Media Coverage News & Reports News & Reports News Releases 2014 2013 2012 2011 2010 2009 2008 2007 Financial Statements Annual Reports Technical Reports Responsible Mining Responsible Mining Community Projects Environment Employees Disclaimer Contact Us Site Map Copyright © 2011 Monument Mining Limited All Rights Reserved. Your Vote is Important Your Vote is Important Please vote by 4 PM Pacific Time on December 28, 2011. You may vote via the internet at www.proxyvote.com following the instructions found on the enclosed Voting Instruction Form. If you haven't receive your materials, have any questions or require assistance voting your shares, please call our proxy solicitor, Laurel Hill Advisory Group at 1-877-304-0211 or via email at assistance@laurelhill.com. At the Meeting, shareholders will be asked to approve, among other things, the Company's acquisition of a 70% interest in the Mengapur Polymetalic Project in Malaysia (the "Acquisition") and the concurrent financing of the Acquisition by way of private placement. These items are discussed in detail in the Information Circular disseminated by the Company in connection with the Meeting. Background to the Acquisition of the Mengapur Project The Company's mission is to increase shareholder value by seeking to become a diversified mid-tier producer through expansion and development of its existing pipeline of mineral assets and to grow through acquisition of new resource properties with promising economic potential in Southeast Asia. The Company's portfolio of properties currently includes the producing Selinsing gold mine, the advanced Buffalo Reef exploration gold project and several grass root gold prospective properties. The Company has for some time been actively seeking to add to its portfolio consistent with this mission. The Mengapur Project is an exciting opportunity which meets all of our objectives. The Mengapur Project is a large polymetalic project, previously owned by the Malaysian Mining Corporation, which in the early 1990's had done extensive exploration and development work on the property. Following successful completion of our due diligence and extensive negotiations, the Company entered into a definitive acquisition agreement (the "Definitive Agreement") in late November to acquire a 70% interest in the Mengapur Project for an aggregate consideration of $60 million. Under the Definitive Agreement, the Company will acquire an interest in approximately 185 hectares within an area that was the subject of extensive historical exploration that had identified significant mineral potential. In the course of our due diligence review, we examined the historical data contained in a detailed study completed in 1993 on the Mengapur Project, conducted our own limited confirmatory drilling and investigated the results of the limited copper and iron production occurring from the project. The Company also examined the detailed plans contained in the historical study for a long-life open pit mining and processing operation for the production of iron, copper and fertilizer by products. The historical study and the Company's own analysis also considered the potential for silver and gold production from the Mengapur Project. The Company concluded that the Mengapur Project presented a unique and exciting opportunity, consistent with our mission, and with the potential for long-life revenue generation to leverage our expertise and expand our operations. Financing the Acquisition and the Mengapur Project The Acquisition and plans for the subsequent exploration and development of the Mengapur Project require greater financial resources than presently available to the Company. As well, the opportunity to acquire the Project was only available to the Company provided it could make significant up front deposits and complete the Acquisition in an extremely short period of time frame. In order to raise the needed financing for the Project, management and the Board considered the alternative financing sources available including debt financing, forward sales, public offering, rights offering or other alternatives. Due to present market uncertainty, the ongoing global financial crisis and in order to minimize financial risk to shareholders, the Company chose the certainty of a committed private placement to finance the acquisition and development of the Mengapur Project. In addition, due to the tight timeframe to close the acquisition demanded by the vendor of the Mengapur Project, the window for equity financing is too narrow to complete a rights offering or a brokered deal. The Company had to seek a guaranteed source of funds to be able to satisfy concerns expressed by the vendor during commercial negotiation. The vendor's main concern from the outset was the low capital base of the Company in undertaking project that is much larger than Selinsing. The arranged financing satisfied all of those concerns. On December 2, 2011, the Company announced that it would conduct a non-brokered private placement (the "Private Placement") of up to 140,000,000 units consisting of one share and a 3-year 70¢ warrant at a price of $0.50 per unit for gross proceeds of up to $70,000,000. As required by the policies of the TSX Venture Exchange, shareholders will be asked at the Meeting to approve the private placement, as it will result in the subscriber, Tulum Corporation Ltd., holding over 40% of the Company's outstanding shares. To address the dilution that shareholders would concern, Monument intends to strategize the phases of development of streams of production in order to generate the cash flow to further fund the Mengapur project from off take sales arrangement. By equity financing, Monument shareholders will suffer dilution upfront, but in the medium term the private placement and the Mengapur Acquisition are expected to ultimately build greater value to all shareholders. The Company does not intend to complete the Acquisition unless the Private Placement is completed concurrently. The Company is excited about the prospects presented by the Mengapur Project and encourages Shareholders to attend the Meeting and Vote FOR the Acquisition and financing in order to allow us to advance our mission. Your vote is important, no matter how many or how few shares you may own. Whether you are able to attend the meeting or not, we urge you to vote TODAY.