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BRIEF-Monument signed deed of variation with Intec for copper process testing
August 29, 2017 / 1:35 PM / 24 days ago

BRIEF-Monument signed deed of variation with Intec for copper process testing

Aug 29 (Reuters) - Monument Mining Ltd

* Monument signed deed of variation with Intec for copper process testing

* Monument Mining Ltd - by signing the agreement, Monument has released 7 million fully paid common shares from Escrow to Intec

* Monument Mining Ltd - pursuant to deed, term of interim Intec license granted to monument has been extended to January 16, 2022 from January 17, 2017

* Monument Mining Ltd - Intec testwork comprises three stages pilot plant testing, pre-commercial testing and trial commercial plant testing

* Monument Mining Ltd - upon completion of each of the phases, Intec would earn 25%, 25% and 50% of remaining 7 million Escrow shares accordingly Source text for Eikon: Further company coverage:

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