Toronto, Ontario–(Newsfile Corp. – September 9, 2020) – Monarca Minerals, Inc. (TSXV: MMN) (“Monarca” or the “Company”), announces that is has completed the previously announced (July 28, 2020) shares for debt transaction to settle an aggregate of $301,324.90 owing to certain officers, directors and service providers of the Company through the issuance of an aggregate of 6,026,498 common shares of the Company at an implied issue price of C$0.05 per share. The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for the development of its business.
