Monarch Mining under creditor protection in last-ditch effort to avoid bankruptcy

Struggling Canadian gold miner Monarch Mining (TSX: GBAR) (OTCQB: GBARF) has been placed under the protection of the Creditors Arrangement Act, with PwC appointed as the monitor to oversee the company’s activities during the process. Laurie Gaborit, Guylaine Daigle, Michel Bouchard and Benoit Desormeaux have resigned from their positions as directors...