MONARCA MINERALS INC. ANNOUNCES COMPLETION OF THE SECOND TRANCHE OF PRIVATE PLACEMENT OF UNITS

http://monarcaminerals.com/monarca-minerals-inc-announces-completion-of-the-second-tranche-of-private-placement-of-units/

Toronto, July 19, 2017 – Monarca Minerals Inc. (TSXV:MMN) (“Monarca” or the “Company”) is pleased to announce that it has completed the second tranche of its previous announced (Press Release May 10, 2017) non-brokered private placement financing (the “Financing”).

Under the second tranche of the Financing, Monarca issued 3,340,000 units (the “Units”) at a price of $0.13 per Unit for gross proceeds of $434,200, making the total number of Units issued under the Financing 16,572,182 and the aggregate gross proceeds of the Financing $2,154,383. Each Unit was comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of $0.18 per share for a period of 36 months from the date of issuance.

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