MONUMENT MINING LIMITED a. During the year ended June 30, 2009, the Company purchased a ball mill from Avocet, a shareholder of the Company, for  consideration of $3,250,001 by issuing the Company’s equity (note 12(b)(ii)). Due to a lack of third party evidence of market  value, the transaction has been measured at the carrying amount. The Company recorded the cost of the ball mill at the book  value of $712,672 provided by its previous owner and included the difference of $2,537,328 in deficit. b. Avocet also provided training assistance to the Company during the year for $134,048 which was included in mineral  properties and accounts payable in 2009. The balance payable was subsequently settled through the issuance of shares (note  12(b)(iii)).  c. George Brazier, a director of the Company, provides general consulting services to the Company. For the year ended June  30, 2010, he earned $60,000 (2009 - $30,000) for such services, of which $5,250 (2009 - $5,250) was outstanding and included  in accounts payable as at June 30, 2010. d. Lorenzo Trentini was a director of the Company up to March 29, 2009 and provided consulting services to the Company. For  the year ended June 30, 2009, he was paid $33,225 through Base Consultant, a company incorporated in Switzerland, for such  services. The service contract was terminated concurrently with his directorship. All transactions, except for purchase of the ball mill and settlement of debt through the issuance of shares, are in the ordinary  course of business and are measured at the exchange amount, which is the amount of consideration established and agreed  between the related parties.  40 | P a g e  f. Contributed surplus  12. Share Capital (continued) 13. Loss Per Share  14. Related Party Transactions  Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 Amount  Balance, June 30, 2008  $ 4,821,161  Stock-based compensation 1,890,837  Balance, June 30, 2009  $ 6,711,998  Stock-based compensation 1,496,855  Balance, June 30, 2010  $ 8,208,853  June 30,  2010  June 30,  2009  Net loss for the year  $  2,936,587  $  3,498,950  Weighted average number of common shares  outstanding  156,003,110  150,492,713  Basic and diluted loss per share  $  0.02  $  0.02  Related party  June 30, 2010  June 30, 2009  Avocet Mining PLC. (a)  $ -  $ 712,672  Avocet Mining PLC. (b)  $ -  $ 134,048  George Brazier, director (c)  $ 60,000  $ 30,000  Base Consultant (d)  $ -  $ 33,225 