BRIEF-Monument signs binding oxide magnetite purchase and profit-sharing deal

Jan 29 (Reuters) - Monument Mining Ltd MMY.V :

* Signs binding oxide magnetite purchase and profit-sharing agreement

* Total consideration payable by Monument under agreement is the issuance of 25

million Monument common shares at closing

* Entered into binding oxide magnetite purchase and agreement for acquisition

of certain overburden top soils on mengapur project

* Agreement is with malaysian mining company, malaco mining sdn. bhd., its

group of companies and shareholders

* In addition, malaco has agreed to sell to mmsb approximately 1.2 million

tonnes of stockpiled oxide magnetite top soils

* Source text for Eikon News Search ID:nCNWrq29ra

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