Monarques is pleased to announce that it has closed a non-brokered private placement for a total of 3,681,815 units of the Corporation, at a price of $0.11 per Unit, for total gross proceeds of $404,999.70 with, among others, Capital croissance PME II, SIDEX, société en commandite and the Abitibi-Témiscamingue Regional Solidarity Fund QFL. Each Unit subscribed for under the Offering consists of one common share, at a
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