Brief: Monument enters MOU for Bisie North Tin and Gold prospect

Monument Mining

13/02/2017 13:33

Feb 13 (Reuters) - Monument Mining Ltd  MMY.V  
    * Monument enters mou for Bisie North Tin and Gold prospect 
    * Monument Mining Ltd - MOU with Klaus Eckhof and mines D'or 
Sarl, to acquire a 60% interest in Bisie North Tin And Gold 
Prospect 
    * Monument Mining Ltd -  MOU includes an exclusive option to 
acquire a further 30% interest in Bisie North at its sole 
discretion 
    * Monument Mining Ltd-if co chooses to exercise option in 
acquiring further ownership within next 6-month period, 
additional 20 million shares will be issued to vendor 
    * Monument Mining Ltd - under MOU, company will  issue 10 
million shares for 60% interest in Bisie North, exclusive option 
for another 30% interest in Bisie 
    * Monument - should co choose to exercise option in 
acquiring further 30% ownership in next 6-month period, an 
additional 20 million shares will be issued 
 
Source text for Eikon:  ID:nCCN2By04W  
Further company coverage:  MMY.V  
 
 ((bangalore.newsroom@thomsonreuters.com;))