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Cassels Represents the Underwriters in Monarch Mining’s $5.1 Million Bought Deal Private Placement


On March 4, 2021, Monarch Mining Corporation closed a bought deal private placement of 863,143 flow-through common shares (“Quebec FT Shares”) at a price of $1.75 per Quebec FT Share and 2,587,841 flow-through common shares (“FT Shares”) at a price of $1.38 per FT Share for aggregate gross proceeds of approximately $5.1 million, which includes a partial exercise of the underwriters’ over-allotment option.

The offering was conducted by Sprott Capital Partners LP and Stifel GMP, as co-lead underwriters and joint bookrunners.

Cassels acted for the underwriters.

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