Probe Gold Inc. entered into a definitive purchase agreement to acquire McKenzie and Beaufor Properties in Val-dOr, Quebec from Monarch Mining Corporation (OTCPK:GBAR.F).

Probe Gold Inc. (TSX:PRB) entered into a definitive purchase agreement to acquire McKenzie and Beaufor Properties in Val-dOr, Quebec from Monarch Mining Corporation (OTCPK:GBAR.F) on March 4, 2024. Pursuant to the Agreement, the Company will acquire a 100% interest in the McKenzie Break and Beaufor properties, with the consideration to be payable in a combination of cash and common shares of the Probe Gold. Upon closing of the transaction, Probe will own all of the Courvan Gold Trend, which includes the Courvan, Senore and Beaufor deposits.

The trend contains significant exploration upside, which will be the focus going forward in 2024 and 2025 The closing of the transaction is expected to occur in the coming weeks and is contingent upon receipt of all necessary court, regulatory and other approvals, including approval of the Superior Court of Quebec in the Companies? Creditors Arrangement Act proceedings of Monarch, of the Toronto Stock Exchange (?TSX?), and the satisfaction of other closing conditions.