Monument Announces RSU Grants
VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces it has granted an aggregate of 3.9 million
restricted share units (the “RSUs”) to its directors, officers and employees pursuant to the RSU plan.
The Company’s RSU and stock based option plans are aimed to compensate and reward its directors, officers and employees for working towards the Company’s long term objectives and in alignment with the shareholders’ best interest. Out of 3.9 million newly granted RSUs, 1.1 million is granted as a part of the director’s fee restructure where the cash component has been significantly reduced; 1.7 million are performance RSUs rewarding their milestone achievement upon closing of the Mengapur transaction; and 1.1 million are granted to incentivize management to achieve the milestone target completing Selinsing processing plant upgrade.
The new RSU grants have brought the total outstanding RSUs to 14.5 million to date, leaving 7.6 million shares reserved available for grant under the plan.
Monument Mining Limited (TSX-V:MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is also advancing the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra (20% interest) in the Murchison area of Western Australia. The Company employs approximately 200 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
|FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:|
|Richard Cushing, MMY Vancouver||T: +1-604-638-1661 firstname.lastname@example.org|
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