Monarques Resources is pleased to announce that it has closed the second tranche of an offering, through its agent, Industrial Alliance Securities, for $1,071,060 by the issuance of 1,062,000 A units at a price of $0.13 per A Unit, 136 B units at a price of $1,000 per B Unit and 4,981,250 C units at a price of $0.16 per C Unit pursuant to a short form prospectus dated November 26, 2014 as amended by Amendment No. 1
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