Friday, September 12, 2025

Monarch Gold Conducts $7.0 Million Flow Through Financing

Monarch Gold Corp (TSX: MQR) announced this morning that it will be conducting a bought deal private placement, co-lead by Stifel GMP and Sprott Capital Partners. The financing will see gross proceeds of just over $7.0 million raised for the exploration firm, with all units being sold on a flow through basis.

Two units exist for the offering, with the first being referred to as Quebec Flow Through Units. Priced at $0.72 per unit, the Quebec flow through units contain one common share and one half of a purchase warrant, with an exercise price of $0.60 for a period of 24 months from the date of issue. A total of 4.87 million of these units are available under the offering.

The other unit available is referred to simply as a flow through unit, with a price per unit of $0.57, of which there are 6.15 million units available. Each of these units also consists of one common share and one half of a common share purchase warrant, with the warrants having the same terms as in the Quebec flow through units.

An over allotment option has also been granted, with the underwriters eligible to increase the offering by up to $3 million within 48 hours prior to the closing of the initial bought deal. Proceeds from the financing are to be used for exploration on the firms Wasamac and McKenzie Break projects located in Quebec.

The financing is expected to close by September 17, 2020.

Monarch Gold last traded at $0.48 on the TSX.


Information for this briefing was found via Sedar and Monarch Gold Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Newlox Gold Begins Construction Of Second Gold Processing Plant

Newlox Gold Ventures Corp (CSE: LUX) has begun construction at its second precious metals processing...

Thursday, March 25, 2021, 08:22:31 AM

$30,000 GOLD: How Trump’s Policies Could Trigger The Next Price Explosion | Simon Marcotte

In this interview, Simon Marcotte, CEO of Northern Superior Resources (TSXV: SUP), presents a bold...

Saturday, May 10, 2025, 11:31:00 AM

Exploits Strikes A Deal With New Found Gold – The Daily Dive feat Michael Collins of Exploits Discovery Corp

Joining us for the final episode of The Daily Dive in this short holiday week,...

Wednesday, December 23, 2020, 01:30:00 PM

AUX Resources Reports Several High Grade Sample Assays At Independence, Silver Crown Properties

AUX Resources (TSXV: AUX) this morning released further results from the exploration programs conducted in...

Monday, March 8, 2021, 08:15:44 AM

John Reade: The Investment Case For Gold – The Daily Dive

For our Sunday edition of The Daily Dive, we sit down with John Reade, whom...

Sunday, April 4, 2021, 01:30:00 PM