Monarch Gold Announces The Closing of The Sale of The Fayolle Property to IAMGOLD

MONTREAL, June 8, 2020 /PRNewswire/ – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation“) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce the closing of the sale of the Fayolle property to IAMGOLD Corporation (“IAMGOLD“) (TSX: IMG) (NYSE: IAG) for a total consideration of $11.5 million.