Monument Grants Stock Options to its
Newly Appointed Director at 2010 AGM
Vancouver, B.C. - Monument Mining Limited
(TSX-V: MMY and FSE: D7Q1) ("the Company", or
"Monument") announces all existing board members of the Company
were re-elected at the Company's Annual General Meeting (the
"AGM") held on November 3, 2010. Jean-Edgar de Trentinian was appointed as an additional director of
the Company. He was subsequently granted 600,000 incentive stock
purchase options on November 30, 2010 for his services as a director of
the Company.
The stock purchase options have been granted
under the 2010 Stock Option Plan adopted at the AGM. The stock purchase
options are exercisable at $0.60 per share, for a period of five (5)
years, vesting 300,000 in every 12 months from the grant date. A total
28,941,000 common shares are reserved under the 2010 Stock Option Plan of
which 25,801,000 have been fully granted to its directors, employees and
consultants to date.
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 490, 688 Hastings Street
Vancouver B.C. Canada V6B 1P1 Canada
"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 about Monument Mining
Limited ("Monument"), its business and future plans.
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 different materially from those expressed or implied by
the forward-looking statements. These risks and certain other
factors include, without limitation, uncertainty to the actual cost of
the gravity circuit and the estimated cash flows which may be generated
from the gravity circuit, the risk that the Selinsing
Project will not be completed successfully or in a timely manner, general
economic factors and o ther factors that may be
beyond the control of Monument. Forward-looking statements are
based upon the beliefs, opinions and expectations of the management of
Monument at the time they are made and Monument does not assume any
obligation to update its forward-looking statements if those beliefs,
opinions, expectations or circumstances should change.
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