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  • TSX: MMY
  • FSE: D7Q1

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Board of Directors

 

Robert F. Baldock, CA(M), FCPA, FCMC

Mr. Baldock is a seasoned mining executive with enviable C-suite experience. He is also a qualified accountant with over 30 years, hands-on experience in managing public and private corporations across a wide range of industries. Mr. Baldock is the former Co-Founder and Managing Director, and subsequently Executive Chairman, of Golconda Minerals N.L.Group of Mining Companies listed on the ASX, NASDAQ and Stuttgart Stock Exchanges. As well he was President of a controlled subsidiary, Nevada Goldfields Corporation, which was listed on the TSX, NASDAQ, USA and Stuttgart Stock Exchanges. With the Golconda Group, Mr. Baldock also acted as Managing Director of Duketon Exploration Limited, listed on the ASX. Under his tenure he had the overall responsibility for raising needed capital and cash flow from operations to execute on the design, construction, commissioning and operation of six mineral processing plants.
 

George Brazier, BA, LLB

Mr. Brazier is a retired member of the Law Society of British Columbia and the Canadian Bar Association. He practiced law for 42 years, the last 40 years at DuMoulin Black LLP, a boutique law firm specializing in corporate and securities law.
 

Cathy Zhai, B.Sc., CGA

Ms. Zhai has been the Chief Financial Officer at Monument Mining Limited (formerly "Moncoa Corporation") since 2001. Ms. Zhai has more than thirteen years of extensive experience at senior positions in corporate finance, financial reporting, overseas capital registration and cash management, and business strategic planning. In her career, she has worked as CFO, Director of Finance and other senior roles with several public and private companies across the mining, high tech and biotech industries. Ms. Zhai is a designated Certified General Accountant and holds a Bachelor of Sciences degree in Mathematics and Diploma in Financial Management Accounting and Multicultural Comparison.
 

Zaidi Harun, BSc

Mr. Harun is an experienced Exploration Geologist having worked 15 years in the international mining industry doing field work as well as geological exploration expanding existing mines. Involved from the onset during preliminary mine planning and initial development of the Selinsing Gold Mine project, Mr. Harun has spent the last eight years working on site for Selinsing Mining Sdn Bhd. developing the present reserves and resources.
 

Graham Dickson

Mr. Dickson is a mining executive with over 25 years of extensive experience in the gold mining industry who has built numerous gold treatment plants in remote areas of the world. Formerly, he was a General Manager of a turnkey construction company for gold milling facilities in remote locations, including the Snip Mill for Cominco Ltd., Golden Patricia Mill for Bond Gold, Seebee Mill for Claude Resources and for surface facilities at the Julietta mine for Bema Gold. Mr. Dickson is currently the Chief Operation Officer of Yukon-Nevada Gold Corp., listed on the TSX, which holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia, Canada, as well as the Jerritt Canyon 11,000 ton per day wet mill and roaster complex in Nevada, USA.
 

Jean-Edgar de Trentinian

Mr. de Trentinian was born into an old, aristocratic family of originally protestant, military nobility. He has administered and owned, either partially or fully a large number of companies over the years. Amongst his mandates or ownership, we can name, the "Générale de Fonderie, Atlas Air France, Editoriale Domus in France, Magazine VSD, Lalique group, the Bardot foundation, the Charles Jourdan perfumes. Hapax group. Carrefour s.a. Switzerland. He was also a Diplomat, Head of Mission in Geneva. He is currently shareholder, Director and President of Orifer SA, Director of Yukon-Nevada Gold Corp., Monument Mining and J.C. Mines.
 

Frank Wright, BSc., P. Eng.

Frank Wright is a registered professional engineer, graduating with Bachelor Degrees in Metallurgical Engineering, obtained from the University of Alberta in 1979, and in Business Administration from Simon Fraser University in 1984. He has over 25 years of mining industry experience that has included previous employment in both consulting and operations including Bacon Donaldson Associates Ltd., Giant Bay Resources, and Syncrude Canada Ltd. Since 1998 he has worked as an independent consultant, primarily providing process development expertise to junior and mid-tier mining firms. This includes economic assessment, flowsheet development, operations troubleshooting, and project management. Over the past decade he has served as a Director and Advisor to a number of mining and mineral exploration firms listed on the TSX and TSX Venture stock exchanges.
 
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.