|
Dear 24H,
November 30, 2012
Monument Announces the Results of its Court Case Against Balendran Chong & Bodi
Release #29 - 2012
Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) �Monument� or the �Company� today is pleased to announce that in a decision released Thursday, November 29, 2012 the Supreme Court of British Columbia found that a series of letters written by the defendant law firm Balendran Chong & Bodi, a Malaysian law firm, on behalf of their clients Sim Tze Chui and Kenneth John Baker were defamatory of Monument Mining. The defendants had alleged in a series of letters written to various advisors and directors of Monument that Monument was not the rightful owner of the Selinsing Gold Mine; Ms. Sim was the rightful owner of the gold mine and that Monument had failed to make proper disclosure of the potential cloud over its title to the gold mine. Mr Justice Goepel held that such statements, amongst others, were defamatory of Monument, reflected negatively on Monument's honesty and competency and that the "allegation is not true." In the written decision, however, the court found that liability for the libel was not established because the letters were written to certain of Monument's advisors and were protected by the defenses of absolute and qualified privilege. Monument is studying the court's ruling on the latter aspect of the case and reserves a right for appeal. About Monument Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) 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 feasibility stage, Mengapur Polymetalic Project. The Company employs 260 people in Malaysia and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities. Robert F. Baldock, President and CEO Monument Mining Limited Suite 910- 688 West Hastings Street Vancouver B.C. Canada V6B 1P1
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact: Nick Kohlmann, MMY Toronto T: +1-647-478-3594 nkohlmann@monumentmining.com Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com Wolfgang Seybold, Axino AG-Europe T: +49 711-2535-92 40 wolfgang.seybold@axino.de | |
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." Forward-Looking Statement This news release contains forward-looking statements and forward-looking information about Monument Mining Limited (�Monument�), its business and future plans (together, �forward-looking statements�). Forward-looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to differ materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, the expected outcomes of negotiations litigation and applications for renewal of property rights; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; litigation risks; risks with respect to mining licenses and exploration licenses; foreign operations risks; other risks inherent in the mining industry and other risks described in the management�s discussion and analysis of the Company, which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
| |
| Send to a Friend | Update Profile |