Goldgroup Consents to Restructuring and Sale by Monarch of Assets and Operations to Cascadia, May 13, 2016 Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has consented to the restructuring and sale by Monarch Gold Corp. (“Monarch”) of substantially all of its assets and operations to Cascadia Goldfields Company Ltd. (“Cascadia”).  Pursuant to the restructuring and sale, Cascadia assumed the obligations of Monarch in respect of a CAD $2,500,000 loan previously made by the Company to Monarch (see press release on June 18, 2015), which is now overdue, and granted security in favour of the Company over all of the assets and operations acquired by Cascadia.erations-to-cascadia.html


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