Brief: Monument signed deed of variation with Intec for copper process testing

Monument Mining

29/08/2017 14:11

Aug 29 (Reuters) - Monument Mining Ltd  MMY.V  
    * Monument signed deed of variation with Intec for copper 
process testing 
    * Monument Mining Ltd - by signing the agreement, Monument 
has released 7 million fully paid common shares from Escrow to 
Intec 
    * Monument Mining Ltd - pursuant to deed, term of interim 
Intec license granted to monument has been extended to January 
16, 2022 from January 17, 2017 
    * Monument Mining Ltd - Intec testwork comprises three 
stages pilot plant testing, pre-commercial testing and trial 
commercial plant testing 
    * Monument Mining Ltd - upon completion of each of the 
phases, Intec would earn 25%, 25% and 50% of remaining 7 million 
Escrow shares accordingly 
 
Source text for Eikon:  ID:nCCNqpFHga  
Further company coverage:  MMY.V  
 
 ((Bangalore.newsroom@thomsonreuters.com;))