https://www.engineeringnews.co.za

Monarch upsizes placement

8th June 2021

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Gold company Monarch Mining has upsized its bought deal private placement to C$6-million, following strong demand for its previously announced financing of C$5-million.

Monarch, which owns four advanced projects in the Val-D’Or mining camp in Quebec, has amended an agreement with Sprott Capital Partners and Stifel GMP as colead underwriters and bookrunners to purchase 7.5-million units at C$0.80 each.

Each unit will consist of one common share and one-half of one common share purchase warrant.

Monarch said last week that it would reopen its Beaufor mine and Beacon mill by June 2022. The mine and mill are located about 20 km east of Vald’Or, Québec.

The company closed at C$0.85 a share on the TSX on Monday.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.046 0.534s - 140pq - 2rq
Subscribe Now