A financing to allow Monique Exploration (ME), formerly Monicor Exploration, to increase its interest in the Monique gold property east of Val d’Or, Que., is being arranged by the company.
A preliminary prospectus has been filed with Monicor Limited Partnership 1988 in the amount of $1,266,000. The company plans an exploration program on the property, where reserves are estimated to be 381,370 tons (probable) grading 0.18 oz gold per ton and 420,530 tons (possible) averaging 0.18 oz.
The financing will allow Monique, whose major shareholder is Louvem Mines (TSE), to boost its interest by 10% in the property to 25%.
Be the first to comment on "Monique financing (November 14, 1988)"