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Monarch Gold Corporation T.MQR

Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.


TSX:MQR - Post by User

Comment by linveston Nov 02, 2020 4:24am
288 Views
Post# 31821487

RE:Takeover

RE:Takeover
Hum the deal seems very low for Monarch Shareholders. 71$ per reserve or 44$ per resource...
Also they evaluate the spinco at 48MC$, does it worth that when you remove Wasamac and Camflo... Not sure at all...
Nice for Yamana shareholders for sure they get a strong asset for cheap...

"The total Yamana consideration (the “Yamana Consideration”) is valued at approximately C$152 million and comprised of 0.0376 of a Yamana share and C$0.192 in cash per Monarch share. This represents a value paid of approximately $71(2) per ounce of mineral reserves or $44(2) per ounce of mineral resources as defined in Wasamac’s mineral reserve statement for the Wasamac Feasibility Study.(1)(3)"
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