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BRIEF-Monarques Gold enters into a definitive agreement to acquire all the mining assets of Richmont mines in the province of Quebec
September 11, 2017 / 10:50 AM / 2 months ago

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

Sept 11 (Reuters) - Monarques Gold Corp:

* 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: Further company coverage:

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