MONUMENT MINING LIMITED Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 20. Segment Disclosures  The Company’s one reportable operating segment is the exploration, development and operations of mineral property  interests, which occur entirely in Malaysia. Geographic information is as follows: On August 11, 2010, the Company closed a private placement of $8 million in convertible notes (the “Notes”) and a $5 million  forward sale of gold (the “Forward Sale”). The Notes have a term of five years and one day from the date of the issuance and must be repaid by the Company at the end  of the term in cash at 121.67% of the principal amount. Any early repayment of the Notes will result in a pro-rata adjustment  of this repayment amount. The holders of the Notes (the "Noteholders") may, at any time, convert the Notes into units at a  price of $0.40 per unit with each unit comprising one common share of the Company and one common share purchase  warrant. Each whole share purchase warrant is exercisable at $0.50 per share, expiring five years and one day from the date of  issuance of the Notes. The conversion price of the units and the exercise price of the warrants are subject to adjustment in  accordance with anti-dilution provisions of the Notes and the warrants. Upon conversion, the Company is required to make a  cash payment on converted amount to the holder.  In connection with the issuance of the Notes, the Company entered into gold option agreements with each of the Noteholders  (the "Option Agreements") whereby the Noteholder has the option to acquire gold from the Company up to an amount equal  to the balance of the Note outstanding at the price greater of: (i) $1,000 per ounce; and (ii) the gold price in US dollars as set by  the London PM Fix and converted to Canadian dollars at the noon rate of exchange published by the Bank of Canada on the  maturity date of the Notes, less a 5% discount. In addition, as an inducement to enter into the subscription agreement for the  Notes, the Company granted Noteholders the option to purchase an aggregate of 5,714 ounces of gold at a price of $1,000 per  ounce and 2,857 ounces of gold at a price of $1,250 per ounce at any time during the term of the Notes commencing 18  months after closing.  The closing of the Forward Sale resulted in the advance of $5 million to the Company. Repayment of the advance will be made  in gold of 5,000 ounces with adjustment reflecting foreign exchange fluctuations between Canadian dollars and US dollars. The  Forward Sale has a term of five years and one day. Warrants for the purchase of 5 million common shares with the same terms  as described in connection with the Notes above were issued to the lender on closing. The warrants must be either exercised or  otherwise expire on a pro-rata basis within 30 days of the delivery of gold by the Company.  The Company's obligations under the Option Agreements and the Forward Sale are secured by designated gold metal accounts  of the Company. In connection with such security, the Company is required to deposit an aggregate of 397 ounces of gold per  month from the end of the first month following the earlier of (i) commencement of commercial production of the gold  treatment plant of the Company's Malaysian subsidiary for its gold production operation in Malaysia; and (ii) the date that is  three months from the closing, up to a maximum 13,000 ounces of gold.  A finder’s fee and a financial advisory fee together totaling 10% were paid in cash in connection with the issuance of the Notes  and the closing of the Forward Sale. The Notes, any securities issued upon conversion thereof, the warrants issued in connection with the Forward Sale and any  shares issued upon conversion thereof are subject to a hold period and may not be traded in Canada until December 12, 2010,  except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.  The funds are to be used for the planned exploration programs; closing acquisition of a prospective exploration property  adjacent to Selinsing where the Company’s gold treatment plant is located; and for the gold treatment plant extension with a  second mill. 44 | P a g e 21. Subsequent Events  a. $13 Million Financing  June 30, 2010  June 30, 2009  Canada  Property plant and equipment  $ 24,067  $ 35,910  Mineral property interests  $ -  $ -  Malaysia  Property plant and equipment  $ 17,260,162  $ 9,564,190  Mineral property interests  $ 35,824,808  $ 47,237,473 