Brief: Monarques Gold enters into a definitive agreement to acquire all the mining assets of Richmont mines in the province of Quebec

Probe Gold

11/09/2017 11:31

Sept 11 (Reuters) - Monarques Gold Corp  MQR.V : 
    * Monarques Gold enters into a definitive agreement to 
acquire all the mining assets of richmont mines in the province 
of quebec 
    * Monarques Gold Corp - monarques will become owner and 
operator of Beaufor mine and Camflo mill 
    * Monarques Gold Corp - richmont will hold a 19.9pct 
interest in corporation, inclusive of a $2.0 million investment 
by Richmont 
    * Monarques Gold Corp - Monarques has entered into a U.S. $4 
million credit facility with auramet international llc 
    * Monarques Gold Corp - following closing of transaction 
with Richmont, Monarques will divest courvan property to probe 
metals for $400,000 in cash 
    * Monarques Gold Corp - in consideration, Monarques to 
issue a number of shares equating to 19.9pct of its undiluted 
issued and outstanding common shares 
 
Source text for Eikon:  ID:nPn8HMGLga  
Further company coverage:  MQR.V  
 
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