MON 0.00% 29.5¢ monarch gold mining company limited

By sekretFrom today's Fin"M K said he believed Mon,by the end of...

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    By sekret

    From today's Fin

    "M K said he believed Mon,by the end of the week,would emerge from its trading halt with the revised terms.It is expected that Harmony will accept a $10 million cash payment up front plus another $10 million payment deferred for 3 years.Harmony will end up as a 25% shareholder in MON once the scrip component is fulfilled.Perth-based MON will undertake a $25 million placement to complete the deal.Its shares remained suspended at 29.5 cents."
 
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Currently unlisted public company.

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