Brief: Monarch Gold Announces Signature Of Binding Letters Of Intent For Acquisition Of Fayolle Gold Deposit

Goldflare Exploration

18/06/2019 12:32

June 18 (Reuters) - Monarch Gold Corp  MQR.TO :
    * MONARCH GOLD ANNOUNCES THE SIGNATURE OF BINDING LETTERS OF
INTENT FOR THE ACQUISITION OF THE FAYOLLE GOLD DEPOSIT
    * MONARCH GOLD CORP - IN CONSIDERATION OF HECLA'S 50%
INTEREST,
MONARCH WILL ISSUE 12 MILLION SHARES OF CORPORATION AT AN AGREED
PRICE OF $0.25 PER SHARE
    * MONARCH GOLD CORP - IN CONSIDERATION OF TYPHOON'S 50%
INTEREST,
MONARCH WILL PAY $1.15 MILLION
    * MONARCH GOLD CORP - BINDING LETTERS OF INTENT WILL BE
REPLACED
BY FINAL PURCHASE AGREEMENTS
    * MONARCH GOLD CORP - MONARCH AND EACH OF HECLA AND TYPHOON
INTEND
TO SIGN PURCHASE AGREEMENTS TOWARDS END OF SUMMER 2019.
    * MONARCH GOLD CORP - MONARCH AND EACH OF HECLA AND TYPHOON
INTEND
TO SIGN FINAL PURCHASE AGREEMENTS TOWARDS END OF SUMMER 2019.

Source text for Eikon:  ID:nCNWlxw87a 
Further company coverage:  MQR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))