RAB,
Check out MON/SWA ASX announcements on both 23 Feb 2010 and 2 March 2010.
Stirling Resources funded $15 million recap of Mon .They will own 35% of MON/SWA.(this is how funds became available to repay the TTY Loan which is distinct from the shares.)
"All Monarch Shareholders will retain their full number of existing monarch shares in the newly re badged Swan Gold Mining Limited."
Monarch shares closed at 29.5c when they were suspended.What will they come back on at???
Swan Gold Assets are:
Mt Ida Production target 40,000 ozs per year
Carnegie Production target 60,000 ozs per year
Interesting?
RAB,Check out MON/SWA ASX announcements on both 23 Feb 2010 and...
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