Monarca Minerals Inc. Announces Completion of Debt Settlement

http://www.newsfilecorp.com/release/27642/Monarca-Minerals-Inc.-Announces-Completion-of-Debt-Settlement#.WVF88mg1_IV

Toronto, Ontario–(Newsfile Corp. – June 26, 2017) – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the “Company“) announces that it has completed its previously announced (Press Release May 1, 2017) shares for debt settlement with certain of its creditors (the “Debt Settlement“).

Pursuant to agreements between Monarca and certain of its creditors, an aggregate of $463,058.10 in debt was settled through the issuance of 3,561,985 common shares of Monarca (“Common Shares“) at a deemed price $0.13 per Common Share.

The Common Shares issued pursuant to the Debt Settlement are subject to a four-month hold period.

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