Monarca Minerals - Shares for Debt Transaction and Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - July 28, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), announces that it is proposing to settle an aggregate of approximately $380,600.00 owing to certain officers and directors, and service providers to the Company through the issuance of an aggregate of approximately 7,612,000 Common Shares of the Company at an implied issue price of C$0.05 per Common Share. The Company determined to satisfy the indebtedness with common shares...
2020-07-28 8:00 AM EDT
Monarca Announces Upsize to Previously Announced Private Placement to C$3.0 Million
Toronto, Ontario--(Newsfile Corp. - July 27, 2020) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that the Company will be increasing their previously announced non-brokered private placement to up to 60,000,000 units of the Company (the "Units") at a price of C$0.05 per Unit for gross proceeds of up to C$3,000,000 (the "Offering"). Each Unit shall consist of one common share of the Company (each a "Common Share") and one common share purchase...
2020-07-27 8:00 AM EDT
Monarca Announces C$2.0 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - July 23, 2020) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce a non-brokered private placement of up to 40,000,000 units of the Company (the "Units") at a price of C$0.05 per Unit for gross proceeds of up to C$2,000,000 (the "Offering"). Each Unit shall consist of one common share of the Company (each a "Common Share") and one common share purchase warrant (each a "Warrant"). Each Warrant will be exercisable...
2020-07-23 3:08 PM EDT
Monarca Minerals Inc. Announces Closing of Non-Brokered Private Placement of Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - June 19, 2020) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") announces that it has completed a non-brokered private placement of $1,015,445 principal amount of unsecured convertible debentures (the "Convertible Debentures"). The Convertible Debentures bear interest at a rate of 12% per annum payable annually in arrears on October 9th and mature on October 9, 2022. The Convertible Debentures are convertible into common shares of the...
2020-06-19 4:54 PM EDT
Monarca Minerals - Cease Trade Order Lifted
Toronto, Ontario--(Newsfile Corp. - May 14, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), announces that the Cease Trade Order imposed by the British Columbia Securities Commission (BCSC) on April 8, 2020 has been revoked and its common shares have resumed trading on the TSX Venture Exchange.The Cease Trade Order issued by the BCSC was lifted after the Company filed its annual audited financial statements, annual management's discussion and CEO and CFO...
2020-05-14 3:13 PM EDT
Monarca Minerals Receives Cease Trade Order - Suspension of Trading - Will Rely on Temporary Exemption for Interim Financial Reports Under BC Instrument 51-515
Toronto, Ontario--(Newsfile Corp. - April 23, 2020) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), discloses today that the filing of the Company's annual audited financial statements for the year ended November 30, 2019, annual management's discussion and analysis for the year ended November 30, 2019, and certification of annual filings for the year ended November 30, 2019 (collectively, the "2019 Annual Financial Statements") was not completed by the deadline of March...
2020-04-23 1:30 PM EDT
Monarca Minerals Signs Option Agreement to Acquire 100% Interest in San Jose Project in Mexico and Reports on Recent Surface Geophysics Results
Toronto, Ontario--(Newsfile Corp. - June 3, 2019) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company"), is pleased to announce that it has entered into an Option Agreement to acquire a 100% interest in the 5,580-hectare San Jose Project (the "Project") located in Chihuahua, northern Mexico. The Option Agreement is an arm's length transaction. The decision was made to acquire this skarn and potential CRD/porphyry deposit after a surface geophysics program comprised of induced...
2019-06-03 9:00 AM EDT
Monarca Minerals Inc. Announces Board Restructuring
Toronto, Ontario--(Newsfile Corp. - May 2, 2019) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that Mr. Paul Ténière had been appointed as a director of the Company. Mr. Paul Ténière replaces Allan Folk, who stepped down from the board to focus on other activities. The Board of Directors would like to thank Mr. Folk for his contributions to the Company.Paul Ténière, M.Sc., P.Geo. has 20 years of experience in the mining and...
2019-05-02 11:23 AM EDT
Monarca Minerals Inc. Announces Management Restructuring
Toronto, Ontario--(Newsfile Corp. - June 4, 2018) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") reports that Mr. Allan Folk has resigned as Interim CEO, effective June 1, 2018. Mr. Folk will remain as Director of the Company. The Board of Directors would like to thank Mr. Folk for his contributions to date and the Company looks forward to his continued support.The Board of Directors has appointed Mr. Carlos Espinosa as CEO and he will remain as President...
2018-06-04 10:09 AM EDT
Monarca Minerals Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - April 16, 2018) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to provide an update on its recent activities.Tejamen ProjectMonarca has completed the re-logging of 202 reverse circulation drill holes and 10 core holes in San Augustin in the state of Durango. The purpose of the re-logging exercise is to design a new drill program once the surface rights have been secured.Discussions regarding the surface rights at Tejamen are...
2018-04-16 11:28 AM EDT
Monarca Minerals Inc. Signs Letter of Intent to Acquire San Jose Property in Chihuahua, Mexico
Toronto, Ontario--(Newsfile Corp. - November 21, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has entered into to a Letter of Intent to acquire the San Jose Property, located in northern Chihuahua, Mexico.San Jose PropertyThe 5,580-hectare San Jose Property area has excellent indications of multi-element mineralization associated with skarn, gossan and altered intrusive rocks. An existing geological report (2011) discloses assays of up...
2017-11-21 9:00 AM EST
Monarca Minerals Inc. Is Pleased to Announce That Re-Analysis of Geological Information and Re-Logging of Historical Drilling for the Tejamen Project Is in Progress
Toronto, Ontario--(Newsfile Corp. - October 17, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is currently re-analyzing geological information and the re-logging historical drill results. Drilling completed in 2005 and 2008 only reached relatively shallow depths of approximately 150 meters. To date Monarca has identified 3 extremely high grade intercepts at both Los Mantos and Cerro Prieto portions of Tejamen.Drill hole MMT-141, Los Mantos, reported an 80-meter zone...
2017-10-17 3:21 PM EDT
Monarca Minerals Inc. Announces Management Restructuring
Toronto, Ontario--(Newsfile Corp. - August 29, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to report that it has appointed Carlos Espinosa as President and Michael Smith as Executive Vice President, Exploration of the Company. Allan Folk remains as Interim Chief Executive Officer. Carlos has been a director of the Company since 2016 and has been instrumental in the Company's government and community initiatives in respect of its flagship Tejamen Project...
2017-08-29 12:07 PM EDT
Monarca Minerals Inc. Provides Corporate Update and Announces Agreement to Terminate Consulting Agreement
Toronto, Ontario--(Newsfile Corp. - August 21, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to provide an update on the Company's recent activities. The last 12 months have been productive for Monarca Minerals Inc. With the closing of our first equity financing in over 4 years and by satisfying $463,058 of outstanding through the issuance of shares, we have improved our Balance Sheet. We presently have $1.3 million in cash and cash burn rate of...
2017-08-21 10:17 AM EDT
Monarca Minerals Inc. Announces Completion of the Second Tranche of Private Placement of Units
Toronto, Ontario--(Newsfile Corp. - July 19, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has completed the second tranche of its previous announced (Press Release May 10, 2017) non-brokered private placement financing (the "Financing"). Under the second tranche of the Financing, Monarca issued 3,340,000 units (the "Units") at a price of $0.13 per Unit for gross proceeds of $434,200, making the total number of Units issued under the...
2017-07-19 5:05 PM EDT
Monarca Minerals Inc. Announces Completion of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - June 26, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") announces that it has completed its previously announced (Press Release May 1, 2017) shares for debt settlement with certain of its creditors (the "Debt Settlement").Pursuant to agreements between Monarca and certain of its creditors, an aggregate of $463,058.10 in debt was settled through the issuance of 3,561,985 common shares of Monarca ("Common Shares") at a deemed price...
2017-06-26 11:24 AM EDT
Monarca Minerals Inc. Provides Update on Additional Tranche of Previously Announced Private Placement
Toronto, Ontario--(Newsfile Corp. - June 8, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it anticipates completing the second and final tranche its previously announced non-brokered private placement financing (the "Financing") over the next couple of weeks. The TSXV has granted a 30-day extension of its conditional approval of the Financing in order to permit the closing of the second tranche. The total proceeds to be raised under the...
2017-06-08 1:14 PM EDT
Monarca Minerals Inc. Completes Previously Announced Private Placement
Toronto, Ontario--(Newsfile Corp. - May 10, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to announce that it has completed the first tranche of its previous announced non-brokered private placement financing (the "Financing"). Under the Financing, Monarca issued 13,232,182 units (the "Units") at a price of $0.13 per Unit for gross proceeds of $1,720,183. Each Unit was comprised of one Common Share and one common share purchase warrant (a "Warrant"). Each...
2017-05-10 12:04 PM EDT
Monarca Minerals Inc. Announces Private Placement, Debt Settlement and Share Consolidation
Toronto, Ontario--(Newsfile Corp. - May 1, 2017) - Monarca Minerals Inc. (TSXV:MMN) ("Monarca" or the "Company") announces that it will consolidate its common shares (the "Common Shares") on the basis of one new Common Share for every existing five (5) Common Shares outstanding (the "Consolidation"). In conjunction with the Consolidation, Monarca is pleased to announce that it intends to complete a non-brokered private placement financing to raise gross proceeds of up to $2.5 million (the...
2017-05-01 7:00 AM EDT
Monarca Minerals Inc. Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - February 10, 2017) - Monarca Minerals Inc. (TSXV: MMN) ("Monarca" or the "Company") is pleased to provide an update on the Company's activities over the last few months. This period has been a difficult for Monarca and Junior Mining Companies in general. We are encouraged by the recent strength in precious metal prices and believe, given the uncertainty in the today's world, that this strength will continue.Through this difficult period with limited funds...
2017-02-10 7:00 AM EST