Pursuant to agreements between Monarca and certain of its creditors, an aggregate of $463,058.10 in debt was settled through the issuance of 3,561,985 common shares of Monarca at a deemed price $0.13 per Common Share.
Mexus Gold US announced that its JV partner, MarMar Holdings, has been working hard for the last 60 days fine tuning the leaching and recovery operation. MarMar states the replaced equipment and various adjustments although costing time and money will save both in the long run once production begins in earnest. These steps are necessary to ensure a smooth running operation and avoid down time. Metallurgists believe they have perfected the different check points to assure maximum recovery at this time. Both Mexus and MarMar believe that the start-up problems to date are normal and want all to know that everything is being done to assure great results for years to come.
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