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Monarques Gold Corp.

03:23 PM EST - Monarques Gold Corp. : Said Globex Mining Enterprises purchased, from Monarques a 1.5% Net Smelter Royalty (NSR) which Monarques acquired as part of its purchase of Richmont Mines, Quebec assets. The royalty was applicable on Globex's 100 % owned Francoeur/ Arntfield gold property. The 1.5% NSR, was payable by Globex up to a total of $1,300,000 after which it reduced to a 0.5% NSR on all additional gold production. Monarques Gold Corp.
shares V.MQR are trading unchanged at $0.34.