Day: August 21, 2017

Monarca Minerals Inc. is pleased to provide an update on the Company’s recent activities. The last 12 months have been productive for Monarca Minerals Inc. With the closing of our first equity financing in over 4 years and by satisfying $463,058 of outstanding through the issuance of shares, we have improved our Balance Sheet. We presently have $1.3 million in cash and cash burn rate of approximately $50,000 per month.

Murray John, Chairman of the Company, stated: “Mr. Parr’s business experience and in-depth financial, project finance and regulatory knowledge are a great complement to the Mexican operating experience and technical and capital market strengths of our existing Board members. Mr. Parr’s appointment completes the currently planned Board changes.”

“We are pleased to now provide our current and future American and international shareholders with the flexibility to trade Sonoro shares in both Canadian and American markets,” stated Kenneth MacLeod, President & CEO of Sonoro. “The addition of trading on the OTCQB Venture Exchange provides Sonoro with the benefit of access to a more expansive capital pool.”