Monarca Minerals to Extend Term of Outstanding Warrants
Monarca Minerals to Extend Term of Outstanding Warrants
Toronto, Ontario--(Newsfile Corp. - July 11, 2022) - Monarca Minerals, Inc. (TSXV: MMN) ("Monarca" or the "Company") announces that the Company will be extending the exercise period of a total of 55,900,000 share purchase warrants, all of which are exercisable at $0.075 per share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement which closed on August 20, 2020. The Company proposes to extend the expiry by one (1) year, and accordingly, the new expiry date for the Warrants will be August 20, 2023.
安大略省多倫多-(Newsfile Corp.-2022年7月11日)-Monarca Minerals，Inc.(TSXV：MMN)(“Monarca”或“公司”)宣佈本公司將延長合共55,900,000份認股權證的行使期，所有認股權證均可按每股0.075美元行使(合共為“認股權證“)。該等認股權證是根據於二零二零年八月二十日結束的私人配售發行的。本公司建議將該等認股權證的到期日延長一(1)年，因此，該等認股權證的新到期日將為二零二三年八月二十日。
All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.
認股權證的所有其他條款和條件保持不變。延長認股權證須經多倫多證券交易所創業板接受。
A total of 1,000,000 Warrants are held by an insider of the Company. The extension of the Warrants therefore constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions ("MI 61-101"), and TSV Policy 5.9 - Protection of Minority Shareholders Special Transactions. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the extension does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The extension was unanimously approved by the Company's independent directors. The Company does not intend to file a material change report in respect of the extension.
本公司一名內部人士持有合共1,000,000份認股權證。因此，認股權證的延期構成多邊文書61-101所指的“關聯方交易”。特殊交易中中小股東的保護 ("米其林61-101“)，及TSV政策5.9-中小股東特殊交易的保護。本公司依據MI 61-101第5.5(A)及5.7(1)(A)節所載豁免遵守MI 61-101的估值及小股東批准規定，因為根據MI 61-101釐定，延期的公平市值不超過本公司市值的25%。延期獲得了公司獨立董事的一致批准。本公司不打算就延期提交重大變更報告。
About Monarca Minerals Inc.
Monarca Minerals公司簡介
Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV: MMN) and focused on the exploration and development of gold, silver, and base metal projects along a highly productive mineralized belt in Mexico. The Company has a portfolio of promising gold and silver projects including the San José Gold and Silver Project in northern Mexico and the advanced-stage Tejamen deposit in Durango, Mexico.
Monarca是一家加拿大礦業公司，在多倫多證券交易所創業板(多倫多證券交易所股票代碼：MMN)上市，專注於墨西哥一條高產礦化帶沿線的金、銀和賤金屬項目的勘探和開發。該公司擁有一系列前景看好的黃金和白銀項目，包括墨西哥北部的San José金銀項目和墨西哥杜蘭戈的高級Tejamen礦牀。
For further information, please contact:
如需更多信息，請聯繫：
Paul Ténière, M.Sc., P.Geo.
President and CEO & Director
Monarca Minerals Inc.
E: teniereconsulting@gmail.com
Paul Ténière，M.Sc，P.Geo
總裁與董事首席執行官
莫納卡礦業公司。
電子郵箱：teniereconsulting@gmail.com
Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:
關於前瞻性陳述的注意事項前瞻性陳述：
The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
上述前瞻性陳述會受到許多已知和未知的風險、不確定性和其他因素的影響，這些風險、不確定性和其他因素可能導致實際結果與我們的前瞻性陳述中預期的大不相同。可能導致這種差異的因素包括：世界大宗商品市場、股票市場、與採礦業相關的材料的成本和供應的變化、政府的變化以及影響採礦業的法規的變化。本新聞稿中的前瞻性陳述包括有關未來勘探計劃、運營計劃、地質解釋、礦物保有權問題和礦物回收過程的陳述。儘管我們相信我們的前瞻性陳述中反映的預期是合理的，但結果可能會有所不同，我們不能保證未來的結果、活動水平、業績或成就。
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
/不用於分發給美國通訊社或在美國境內傳播/
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