Monument Closes $13.0 Million Financing

- August 11th, 2010

Monument Mining Ltd. (CVE:MMY) announced that it has received TSX Venture Exchange acceptance of and closed the private placement of $8 million in convertible notes and a $5 million forward sale of gold.

Monument Mining Ltd. (TSXV:MMY) announced that it has received TSX Venture Exchange acceptance of and closed the private placement of $8 million in convertible notes and a $5 million forward sale of gold.

The press release is quoted as saying:

The Notes have a term of five years and one day from the date of the issuance and must be repaid by the Company at the end of the term in cash at 121.67% of the principal amount. Any early repayment of the Notes will result in a pro-rata adjustment of this repayment amount.

Click here to access the entire press release

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