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Monarques Resources Inc.

11:39 AM EST - Monarques Resources Inc. : announced that it closed a transaction today giving it a 100% interest in the Simkar Gold project. The property is located 20 km east of Val-d'Or, Quebec, in the heart of the Abitibi Greenstone Belt. Monarques Resources Inc. shares V.MQR are trading unchanged at $0.11.