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| | September 24, 2009
Private Placement Announcement
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| | MONARCH ENERGY LIMITED (TSX-V: MNL, the "Company") announces its intention to undertake a non-brokered private placement to raise up to $200,000 through the sale of its common shares at the offering price of $0.02 per share (up to 10,000,000 shares). Net proceeds from the placement will be used for general working capital purposes.
The private placement is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD
"MICHAEL TURKO"
Michael Turko, President and CEO
MONARCH ENERGY LIMITED
For further information, please contact 604 641 1379 or
email: info@monarchenergy.ca. Website: www.monarchenergy.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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