Monument Announces Closing of Transaction to Sell the Mengapur Project in Malaysia
VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“
Monument” or the “
Company”) is pleased to announce the closing of the Transaction with Fortress Minerals Limited (“
Fortress”) to sell Fortress a 100% interest in its Malaysian subsidiary, Monument Mengapur Sdn Bhd, which owns a 100% interest in the Mengapur Copper and Iron Project (the “
Mengapur
Project”).
The Mengapur Project is located in Pahang State, approximately 75km northwest from Kuantan. The sale of the Mengapur Project is part of Monument’s corporate restructuring to focus on the development of their gold projects in Malaysia and Western Australia.