Eric Sprott buying at Monarca Minerals (MMN)

Eric Sprott buying at Monarca Minerals (V:MMN)

Eric Sprott's 2176423 Ontario Ltd., a 10% Holder, acquired 3,077,000 Common Shares on a direct ownership basis at a price of $0.130 and 3,077,000 Warrants with an exercise price of $0.180 for 36 months through a private transaction on May 10th, 2017. This represents a $400,010 net investment into the company's shares and an account share holdings change of greater than 100%.

Monarca is a Canadian company focusing on the exploration and development of silver projects in Mexico. The company has a portfolio of silver projects, including a mineral resource of 27.8 million ounces of silver (19.8 million tonnes at 45 grams per tonne silver) at its Tejamen deposit.