"With this transaction, we now hold a 2.5% NSR on almost all of the 73 claims forming the Chimo property, with the exception of a few claims for which we hold a 0.5% NSR," said Jean-Marc Lacoste, President and CEO of Monarques. "If the property were ever to go into production, we would be able to reap the benefits of this investment at a more than reasonable cost."
The common shares issued pursuant to this transaction are subject to a statutory hold period of four months and one day from the issuance of the shares.
