Bullion Monarch is pleased to announce an arrangement to consolidate ownership of a gold property near Sumpter, Oregon. Bullion Monarch has converted its interest in said property into a 1% NSR royalty from future production and 245,000 shares which equates to a 2.4% equity position in the newly formed entity, Golden Ibex. Bullion Monarch previously held a 10% interest in Gold Mountain Exploration and Development
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