Monarca Closes Oversubscribed C$3.0 Million Private Placement, including a Lead Order from Palisades Goldcorp

Toronto, Ontario, August 20, 2020 – Monarca Minerals Inc. (TSXV:MMN) (“Monarca” or the “Company”) is pleased to announce is has closed the previously announced non-brokered private placement of units of the
Company (the “Units”) for gross proceeds of C$3,000,000 (the “Offering”). The Company issued a total of 60,000,000 Units of the Company at a price of C$0.05. Red Cloud Securities Inc. acted as a finder in connection with the Offering.

Read the complete press release here: Monara Oversubscribed Placement