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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

Post by locomocoon Jan 20, 2021 5:23pm
272 Views
Post# 32340352

Monarch Mining Corporation to begin trading on the TSX soon

Monarch Mining Corporation to begin trading on the TSX soon

Monarch Mining Corporation to begin trading on the TSX imminently 

MONTRAL, Jan. 20, 2021 /CNW Telbec/ - MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX: MQR) (OTCQX: MRQRF) (FRANKFURT: MR7) announces that the Superior Court of Qubec has issued a final order approving the previously announced arrangement governed by the Canada Business Corporations Act (the "Arrangement") pursuant to which Monarch will transfer certain mineral properties and other assets and liabilities to a newly formed Monarch Mining Corporation entity and Yamana Gold Inc. ("Yamana") will acquire the Wasamac property and the Camflo property and mill by acquiring all of the issued and outstanding shares of Monarch (not already owned by Yamana) on a fully diluted basis, as disclosed in the press release dated November 2, 2020. Further information regarding the Arrangement is presented in the Management Information Circular dated November 30, 2020, which can be found under the Monarch profile at www.sedar.com.

Monarch will shortly close the transaction with Yamana and the common shares of new Monarch Mining Corporation will begin trading on the Toronto Stock Exchange under the symbol GBAR in the coming days.

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