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.