ACCESSWIRE
22 Jan 2021, 08:02 GMT+10
New Monarch Mining website now online at www.monarchmining.com
MONTRÉAL, QC / ACCESSWIRE / January 21, 2021 / MONARCH MINING CORPORATION (TSX:MQR)(OTCQX:MRQRF)('Monarch' or the 'Corporation') announces today the successful completion of the previously announced arrangement under the Canada Business Corporations Act (the 'Arrangement') pursuant to which Monarch Gold Corporation ('Monarques') transferred the Beaufor, Croinor Gold, McKenzie Break and Swanson mineral properties and other assets and liabilities to a newly formed Monarch Mining Corporation entity and Yamana Gold Inc. ('Yamana') acquired the Wasamac property and the Camflo property and mill by acquiring all of the issued and outstanding shares of Monarques (not already owned by Yamana) on a fully diluted basis, as disclosed in the press release dated November 2, 2020.
Yamana has delivered to Computershare Trust Company of Canada ('Computershare'), the depositary for the Arrangement, sufficient funds and Yamana common shares to enable it to make payments to the former shareholders and eligible optionholders of Monarques who have exercised their options for Monarques shares (collectively, the 'Shareholders') whose Monarques shares are deposited with Computershare in accordance with the terms of the Arrangement. Letters of transmittal have been mailed to registered Shareholders and are also available under the profile of Monarch at www.sedar.com. The letter of transmittal explains how registered Shareholders can deposit and obtain payment for their Monarques shares. Registered Shareholders must return their duly completed letters of transmittal to Computershare in order to receive the consideration to which they are entitled for their Monarques shares.
Non-registered Shareholders should carefully follow the instructions from the broker, investment dealer, bank, trust company, custodian, nominee or other intermediary that holds securities on their behalf. Shareholders are referred to the management information circular of Monarques dated November 30, 2020 available under Monarques' profile at www.sedar.com for further information.
Monarch announces that the Toronto Stock Exchange (the 'TSX') has conditionally approved the listing of its issued and outstanding common shares. The listing is subject to the TSX reviewing all information requested in its conditional approval letter and the issuance of a final bulletin. However, Monarch is confident that the common shares will commence trading at the opening of business on or about January 26, 2021 under the symbol GBAR.
About Monarch
Monarch Mining Corporation is a gold mining, development, and exploration company, focused in the prolific Abitibi mining camp in Canada. The company owns four advanced gold properties including the fully permitted past producing Beaufor Mine, which produced over 1 million ounces of gold over the last 30 years. Other advanced assets include the Croinor Gold, McKenzie Break and Swanson properties, all located in the vicinity of its wholly owned and fully permitted 750 tpd Beacon Mill.
Forward-Looking Statements
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
FOR MORE INFORMATION:
Jean-Marc Lacoste
President and Chief Executive Officer
1-888-994-4465
jm.lacoste@monarchmining.com
Mathieu Séguin
Vice President, Corporate Development
1-888-994-4465
m.seguin@monarchmining.com
Elisabeth Tremblay
Senior Geologist - Communications Specialist
1-888-994-4465
e.tremblay@monarchmining.com
SOURCE: Monarch Gold Corp.
Get a daily dose of New Jersey Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New Jersey Telegraph.
More InformationPARIS, France: The French government will not require residents of the Paris region to be locked down this weekend. However, ...
LARISSA, Greece: Central Greece was struck by a magnitude 6.0 earthquake on Wednesday, which was also felt in nearby Albania ...
Thiruvananthapuram (Kerala) [India], March 7 (ANI): Slamming the popular alliances Left Democratic Front (LDF) and United Democratic Front (UDF) in ...
AMMAN - Prime Minister Bisher al-Khasawneh was expected to reshuffle his cabinet on Sunday to help accelerate IMF-guided reforms seen ...
Srinagar (Jammu and Kashmir) [India], March 7 (ANI): Preparation are in full swing for the tulip festival which is to ...
Bhubaneswar (Odisha) [India], March 7 (ANI): Tourism officials from Jammu and Kashmir, along with the Boat House association organised on ...
Yemen's Houthi rebels have carried out missile and drone strikes on a Saudi military base and an oil facility, expanding ...
BERLIN, Germany: In a change of policy, Germany has announced it will begin vaccinating those over 65 years-old, while recommending ...
WASHINGTON D.C.: Compromising with moderates, President Joe Biden and Democrats agreed to tighten the requirements for those eligible to receive ...
ANN ARBOR, Michigan: Some 375 University of Michigan students have been banned from entering school buildings because they have not ...
PARIS, France: The French government will not require residents of the Paris region to be locked down this weekend. However, ...
LARISSA, Greece: Central Greece was struck by a magnitude 6.0 earthquake on Wednesday, which was also felt in nearby Albania ...