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Yamana Gold to buy Monarch Gold for Wasamac

Yamana Gold is to buy Monarch Gold for the Wasamac gold project in Quebec, Canada, in a cash and stock deal valued at C$152 million, a 43% premium to Monarch’s closing price on October 30. Monarch plans to spin its other properties out to shareholders.

Yamana Gold to buy Monarch Gold for Wasamac Yamana Gold to buy Monarch Gold for Wasamac Yamana Gold to buy Monarch Gold for Wasamac Yamana Gold to buy Monarch Gold for Wasamac Yamana Gold to buy Monarch Gold for Wasamac

Wasamac in Quebec, Canada

Monarch shareholders will receive C63c per Monarch share comprised of 0.0376 of a Yamana share (valued at 29c), 19c in cash and 0.2 of a share (valued at 15c) of the spin-out company.