{"id":1189746,"date":"2020-06-11T12:23:17","date_gmt":"2020-06-11T17:23:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1026882"},"modified":"2020-06-11T12:23:17","modified_gmt":"2020-06-11T17:23:17","slug":"monarch-gold-shares-up-after-yamana-investment","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1189746","title":{"rendered":"Monarch Gold shares up after Yamana investment"},"content":{"rendered":"

Monarch Gold (TSX: MQR) announced on Thursday<\/a> the closing of a C$5.42 million private placement with Yamana Gold (TSX: YRI, NYSE: AUY), Alamos Gold (TSX: AGI, NYSE: AGI) and other investors.<\/p>\n

Pursuant to the placement, Monarch has issued approximately 22.6 million common shares at C$0.24 each and 11.3 million warrants, with each warrant entitling the holder to purchase one common share of Monarch at a price of C$0.29 until June 10, 2023.<\/p>\n

Yamana has subscribed for C$4.2 million in Monarch shares and will be entitled to participate in future Monarch financings to maintain its interest in the company, subject to Yamana maintaining a minimum 5% interest. Yamana will also be entitled to name a representative to Monarch’s board of directors.<\/p>\n

Meanwhile, Alamos exercised its right to participate in the private placement in order to maintain its interest in Monarch, subscribing for an amount of C$720,000.<\/p>\n

Proceeds of the financing will be used to advance Monarch’s flagship Wasamac project as well as the Beaufor and McKenzie Break projects in Quebec.<\/p>\n

Shares of Monarch Gold climbed 1.9% by midday Thursday, giving the Canadian gold junior a market capitalization of C$71.9 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Monarch Gold climbed 1.9% by midday Thursday.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1189746"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1189746"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1189746\/revisions"}],"predecessor-version":[{"id":1189766,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1189746\/revisions\/1189766"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1189746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1189746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1189746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}