Monarca Minerals Announce the Closing of the Sale of El Sol Project Agreement to Southern Silver Exploration Corp. and Appointment of Ms. Monica Ospina as Board Member

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[{"type":"text","content":"Monarca Minerals Announce the Closing of the Sale of El Sol Project Agreement to Southern Silver Exploration Corp. and Appointment of Ms. Monica Ospina as Board MemberToronto, Ontario--(Newsfile Corp. - August 10, 2020) - Monarca Minerals, Inc. (TSXV: MMN) (\"Monarca\" or the \"Company\"), is pleased to announce the closing of the definitive agreement with Southern Silver Exploration Corp. to sell El Sol project in Durango, Mexico.El Sol concession is a single 63ha claim located on the northwestern boundary of Southern Silver's projects the Bocona block of claims and is adjacent to the Area of the Cerro which hosts the four mineral deposits currently identified within the Cerro Las Minitas claim package. The agreement is US$300,000 payable in three equal instalments on execution of a definitive agreement, twelve months and eighteen months together with retention by the Company of 2% NSR on production from the claim with a right in Southern Silver to purchase the royalty at any time for US$1,000,000.El Sol is a non-core asset for Monarca and net proceeds from the sell will be used to advance the Company's San Jose project in Chihuahua, Mexico and for general working capital.Appointment of Ms. Monica Ospina as Board MemberOn June 30, 2020, the Board of Directors appointed Ms. Monica Ospina as a new Board Member. Ms. Ospina is the founder and Managing Director of O Trade. A recognized expert in Corporate Social Responsibility (CSR) for the Mining Industry. Monica's expertise includes stakeholder engagement, land access for exploration, and public-private partnerships. She has dedicated the last decade to defining new approaches to balancing community development and securing operational productivity in the extractive industry.She holds a master's degree in Diplomatic Studies from the University of Westminster and has completed postgraduate programs in Sustainability Management from Harvard University and International Business Strategy, from the London School of Economics.Ms. Ospina was Professor in Corporate Social Responsibility (CSR), and Sustainable Development at Seneca College, in Canada. Currently serves as a guest lecturer at the Faculty of Mining Engineering, University of Toronto, in Canada, the Faculty of Business at Georgia College and State University, in the US, and the Faculty of International Business at T...

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