Friday, July 23, 2021
10:21 AM EST – Monarch Mining Corporation : Has entered into a definitive agreement with Gold Royalty Corp. whereby Gold Royalty will acquire the following royalty interests from Monarch for cash proceeds of $11.25 million: a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor mine operations; and a 2.5% net smelter return royalty on each of the Croinor Gold, McKenzie Break and Swanson properties, of which half (1.25%) can be bought back by Monarch for $2 million per property in the future, subject to certain conditions being met.
Monarch Mining Corporation (T.GBAR) shares were up $0.02 at 0.9.
Stocks in Play: Monarch Mining Corporation , Fri, 23 Jul 2021 10:27:06 EST