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Monarch Mining Corp
68 Avenue de la Gare, Office 205
SAINT-SAUVEUR, NB  J0R 1R0  Canada
Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 11/15/2023
On 11/15/2023, Monarch Mining Corp. announced that Investissement Québec , one of its creditors, filed an application with the Superior Court of Quebec (“Court”) under the Companies' Creditors Arrangement Act (“CCAA”) to place Monarch Mining Corp. and its subsidiaries, Louvem Mines Inc., Beacon Gold Mill Inc. and 11306448 Canada Inc., under the protection of the CCAA. The Court issued an initial order under the CCAA in relation to the Corporation and its subsidiaries. PricewaterhouseCoopers Inc. was appointed as the Monitor to oversee the activities of the Corporation during the CCAA process.
Business Summary
Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The McKenzie Break property covers 7,848 hectares (78.5 km) and is located 20 kilometers north of the Beacon Mill and 10 kilometers (km) south of the town of Barraute, Quebec. The Swanson property consists of a mining lease plus a total of 129 claims covering an area of 5,211 ha. The property lies 65 km northeast of Val-d'Or and just 50 km north of Monarch's wholly owned 750 tpd Beacon mill. The Company owns 14,316 hectares of mining assets in the prolific Abitibi mining camp that hosts a combined measured and indicated gold resource of 478,982 ounces and a combined inferred resource of 383,393 ounces.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20236/30/2023Yes----

Industries
SIC Code Description
1041 Gold ores

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President, Chief Executive Officer Jean-MarcLacoste
Chief Financial Officer AlainLevesque

Subsidiaries
Business Name Address City State/Province Country
Beacon Gold Mill Inc. 3700-1, Place Ville-Marie Montreal QC Canada
Louvem Mines Inc. 161, avenue Principale Rouyn-Noranda QC Canada

Business Names
Business Name
Corporation minière Monarch
Monarch Mining Corp
Monarch Mining Corp

General Information
Number of Employees: 14 (As of 9/27/2023)
Outstanding Shares: 243,838,526 (As of 12/31/2023)
Stock Exchange: TSE
Email Address: info@monarchmining.com


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Friday, April 19, 2024