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Monument Mining acquires Damar exploration prospect from Avocet Mining

Fasken
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Overview

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Avocet Mining

On July 3, 2007, Monument Mining Limited announced that it had acquired 100% of the shares in Damar Exploration Consolidated from Avocet Mining PLC. Monument paid Avocet, an AIM listed gold producer based in London, UK, $1,750,000, issued 15,000,000 fully paid treasury shares and 7,500,000 share purchase warrants to acquire Damar. Avocet was advised in this transaction by Iain Mant of Fasken Martineau.

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