Monarch Sells Mining Assets to Probe Gold and Bullrun

MONTREAL, March 04, 2024 (GLOBE NEWSWIRE) -- MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) announces that it has entered into binding agreements for the sale of its Beaufor, McKenzie Break and Swanson properties (the “Transactions”). The Transactions are the culmination of the Corporation’s previously announced court-approved sale and investment solicitation process (“SISP”) carried out by PricewaterhouseCoopers Inc. in its capacity as Monitor in the Corporation’s ongoing proceedings pursuant to the Companies’ Creditors Arrangement Act (the “CCAA Proceedings”).

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