The company may raise up to $182.54 million in the offering.

Drill highlights from the D-3 zone include 33.5 metres of 1.98 g/t gold, starting at 224 metres, as well as 29 metres of 1.6 g/t gold, starting at 240.8 metres

Fosterville's stock jumped by as much as 29.8% to an all-time high.

Company was looking to sell mine after repeated attacks by militia.

The company sees potential for alkalic porphyry hypogene mineralization underneath Burgundy Ridge.

In May, Monarch entered into a memorandum of understanding with Glencore, which includes a four-phase work plan.

Drill program focused on several priority gold targets within the Ngayu greenstone belt in the DRC.